The comparative balance sheet of Yellow Dog Enterprises Inc, at December 31, 20Y8 and 20Y7, is as follows: Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20 ys are as follows: a. Net income, $201,160. b. Depreciation reported on the income statement, $48,330. c. Equipment was purchased at a cost of $94,120 and fully depreciated equipment costing $25,990 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earller payment without penalty. e. 8,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, 5122,580 . 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: Net incorme Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreclation Changes in current operating assets and litablities: Decrease in accounts receivable Increase in inventones Increase in prepald expenses. Increase in accounts payable Net cash flows from operating activities Cash flows from (used for) Investing activities? Casth pald for equipment Net cash flows used for investing activities. Cash flows from (used for) financing activities: Cash received from sale of common stock Cash pad for dividends Cath poid to retire mortoage note payable Net cash flows from financing activities Cash balance, January 1, 20Y3 Cash balance, December 31, 20 rB