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The comparative balance shect of Yellow Dog Enterprises Inc. at December 31,20Y8 and 20YZ, is as follows: Additional data obtained from the income statement and

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The comparative balance shect of Yellow Dog Enterprises Inc. at December 31,20Y8 and 20YZ, is as follows: Additional data obtained from the income statement and from an examination of the accounts in the ledger for 208 are as follows: a. Net income, 5119,370 . b. Depreciation reported on the income statement, $27,440. c. Equipment was purchased at a cost of $53,900 and fully depreciated equipment costing $14,630 was discarded, with no salvage realized. e. 5,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, 572,740 , Required Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities, 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 (used for) operating activities: Adjustments to reconcile 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 activities: Net cash flow used for investing activities Cash flows from (used for) financing activitess Net cash fow used for financing activities Cash balance, January 1, 20 Y 8 Cash balance, December 31, 20Y8

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