Stotement of cash flows-indirect method The comparative balance sheet of Yellow Dog Enterprises inc. at December 31, 20Y8 and 20Y7, is as follows: modwonal data obtained from the income statement and from an examination of the accounts in the ledger for 20 are as follows: a. Net income, $106,960. b. Depreciation reported on the income statement, $35,050. c. Equioment was ourchased at a cost of $68.980 and fully deoreciated equioment costina $18.650 was discarded, with no salvaoe rea C. Equipment was purchased at a cost of 568,960 and fully depreciated equipment costing 518,650 wss discarded, with no salvage realized. d. The mortgage note payasle was aot due for six yean, but the ferms permated earier payment without penalty. e. 6,000 shares of commen stock were tswetd at $20 for cash 1. Cash divdends declared and paid, 165,180 . Required: Prepare a statement of cash flows, uning the indirect method of prosenting cash homs from (osed for) operabong activibes, Use the minus sign to indicate cash outfiows cash parments, decreases in cash, or amy negatve adjustments. Line Item Description Amount Amount Cash fows from (used for) operating activiles: wer income: Adjustments to reconcle net income to net cash flows from (used for) operating activities: Changes in curtent operating assets and liabilities: Cast flows trom (used for) investing activites: Cash fows from (used for) financing activities: Cash balance, January 1, 20Yr Cash balance, December 31, 20r8 Ghed My Wark