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The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec 31, 20Y8 Dec 31, 2017 Assets

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The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec 31, 20Y8 Dec 31, 2017 Assets Cash $71,960 $88,360 Accounts receivable (net) 110,570 119,120 Inventories 157,940 147,670 Prepaid expenses 6,440 4,470 Equipment 321,760 264,530 Accumulated depreciation equipment (83,660) (64,880) Total assets $585,010 $559,270 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $122,850 $116,890 Mortgage note payable D 167,780 Common stock, 51 par 19,000 12,000 Pald-in capital in excess of par-common stock 277,000 158,000 Retained earnings 166,160 104,600 Total liabilities and stockholders' equity $585,010 $559,270 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2078 are as follows: a. Net Income, $157,590 b. Depreciation reported on the income statement, $40,740, c Equipment was purchased at a cost of $79,190 and fully depreciated equipment costing $21,960 was discarded, with no salvage realized, d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e. 7,000 shares of common stock were issued at $18 for cash 1. Cash dividends declared and pald, $96,030. epare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, ayments, decreases in cash, or any negative adjustments. Yellow Dog Enterprises Inc. 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: 0 0 1111 0 QUI Net cash flow from operating activities Cash Mows from (used for) Investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities Net cash flow used for financing activities Net cash flow used for financing activities 0000 Cash balance, January 1, 2018 Cash balance, December 31, 2018 Check My Work 2 more Check Works omaning MacBook Pro 90 886 DO 50 72 32 M $ A % & 2 3 4 5 6 7 W E R T Y U S S D F G H > C V

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