The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31,20Y8 and 20Y7, is as follows: December December 31,20Y831,20Y7 Assets Cash $86,660$105,750 Accounts receivable (net) 133,160142,560 Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets \begin{tabular}{cc} (100,750) & (77,640) \\ \hline$704,540 & $669,310 \\ \hline \hline \end{tabular} Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, \$1 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity \begin{tabular}{rr} $147,950 & $139,890 \\ 0 & 200,790 \\ 22,000 & 14,000 \\ 341,000 & 189,000 \\ 193,590 & 125,630 \\ \hline$704,540 & $669,310 \\ \hline \hline \end{tabular} 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, $173,980. b. Depreciation reported on the income statement, $49,390. c. Equipment was purchased at a cost of $97,200 and fully depreciated equipment costing $26,280 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. 8,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $106,020. Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20Y Cash balance, December 31,20Y