The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:

Description December 31, 20Y8 December 31, 20Y7 Assets

Cash $61,440 $74,980

Accounts receivable (net) 94,410 101,080

Inventories 134,890 125,290

Prepaid expenses 5,500 3,800

Equipment 274,750 224,470

Accumulated depreciation-equipment (71,440) (55,050)

Total assets $499,550 $474,570

Liabilities and Stockholders' Equity

Accounts payable (merchandise creditors) $104,910 $99,190

Mortgage note payable 0 142,370

Common stock, $1 par 16,000 10,000

Paid-in capital in excess of par-common stock 224,000 134,000

Retained earnings 154,640 89,010

Total liabilities and stockholders equity $499,550 $474,570

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

Net income, $168,010.

Depreciation reported on the income statement, $35,020.

Equipment was purchased at a cost of $68,910 and fully depreciated equipment costing $18,630 was discarded, with no salvage realized.

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

6,000 shares of common stock were issued at $16 for cash

. Cash dividends declared and paid, $102,380.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Yellow Dog Enterprises Inc.

Statement of Cash Flows

For the Year Ended December 31, 20Y8

Line Item Description Amount Amount

Cash flows from (used for) operating activities: blank $- Select -

Adjustments to reconcile net income to net cash flows from (used for) operating activities: - Select -

Changes in current operating assets and liabilities: - Select - - Select - - Select - - Select - $- Select -

Cash flows from (used for) investing activities: $- Select - - Select -

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

Cash balance, January 1, 20Y8

Cash balance, January 1, 20Y8

Cash balance, December 31, 20Y8