The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec 31, 2018 Dec 31, 2017 Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation equipment Total assets $74,160 113,950 162,800 6,630 331,610 (85220) 3602.930 $90,690 122,260 151,530 4,590 271,500 (66,580) 573.900 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $126,620 $119,960 Mortgage note payable 0 172,200 Common stock, $1 par 12,000 19,000 Pald-in capital: Excess of issue price over par-common stock 162,000 281,000 Retained earnings 176,310 107,830 Total liabilities and stockholders' equity $602,930 5573,990 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $175,310. b. Depreciation reported on the income statement, $42.170. c Equipment was purchased at a cost of $82,640, and fully depreciated equipment costing $22,530 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. f. Cash dividends declared and paid, $106,830. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities