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Statement or Casn Hows - Lhairect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31,208 and 20rn, is as follows: a.
Statement or Casn Hows - Lhairect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31,208 and 20rn, is as follows: a. Net income, $215,630. b. Depreciation reported on the income statement, $46,040. c. Equipment was purchased at a cost of $90,040, and fully depreciated equipment costing $24,650 was discarded, with no salvage realized. d. The mortgope note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 8,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $131,400. Required: Prepare a statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from operating activities: Adjustments to reconcle net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing octivities: Net cash flow used for investing activities Cash nows from (used for) financing activives: Net cash flow used for financing activities Cash at the beginning of the year Cash at the end of the year
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