The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017. is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash $81,300 $99,530 124,930 134,170 178,460 Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation equipment 7,270 166,290 5,040 297,950 (73,070) 363,540 (94,520) Total assets $660,980 $629,910 $130,010 $131,650 0 188,970 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, 51 par Pald-in capital in excess of par-common stock Retained earnings Total abilities and stockholders' equity 21,000 314,000 13,000 178,000 118,290 187,170 $660,980 5629,910 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: realized. 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, $176,330 b. Depreciation reported on the income statement, $46,180 c. Equipment was purchased at a cost of $90,320 and fully depreciated equipment costing $24,730 was discarded, with no salvage d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty 2. 5,000 shares of common stock were issued at $18 for cash. 1. Cash dividends declared and paid, $107,450. Required: Prepare a statemifit of cash flows, using the Indirect method of presenting cash flows from 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, 2018 Changes in current operating assets and liabilities: Decrease in accounts receivable Increase in inventories Increase in prepaid expenses Increase in accounts payable Net cash flow from operating activities Cash flows from (used for investing activities: Cash paid for equipment Net cash flow uted for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends Cash paid to retire mortgage note payable tot cash flow uped for financing activities Net decrease in cash 107.450 X Cash balance, January 1, 2010 Cosh balance, December 31, 2018