The comparative balance sheet of Yellow Dog Enterprises Inc. at December $31,20$Y$8$ and $20$Y$7,$ is as follows:

Additional data obtained from the income statement and from an examination of the accounts in the ledger for $20Y8$ are as follows:

a$.$ Net income, $$122,210.$

b$.$ Depreclation reported on the income statement, $$29,880.$

c$.$ Equlpment was purchased at a cost of $$58,430$ and fully depreclated equipment costing $$16,000$ was discarded, with no salvage reallzed.

d$.$ The mortgage note payable was not due for six years, but the terms permitted earller payment without penalty.

e$.5,000$ shares of common stock were issued at $$18$ for cash.

f$.$ Cash dlvidends declared and paid, $$74,470.$

Required:

Yellow Dog Enterprises Inc.

Statement of Cash Flows

For the Year Ended December $31,20Y8$

Une Item Description

Amount Amount

Cash flows from $($used for$)$ operating activitles:

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activitles:

Changes in current operating assets and llabilitles:

Cash flows from $($used for$)$ Investing activitles:

Cash flows from $($used for$)$ financing activities:

Cash balance, January $1,20Y8$

Cash balance, December $31,20$ Y$8$