The comparative balance sheet of Yellow Dog Enterprises Inc at December 31, 2048 and 2017, is as follows: 1 Dec 31, 2018 Dec 31, 2017 2 Assets 3 Cash $95.000.00 $110,000.00 + Accounts receivable (net) 260,000.00 280,000.00 5 Inventories 520.000,00 450,000.00 15,000.00 5,000.00 Prepaid expenses 2 Equipment + Accumulated depreciation equipment 1130,000.00 800,000.00 (235.000.00) $1.785,000.00 (190,000.00) $1.455,000.00 Total assets 10 $100.000.00 0.00 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 15 Common stock, $10 par 34 Paid-in capital in excess of par-common stock 15 Retained earnings Total liabilities and stockholders equity $75,000.00 500,000.00 200,000.00 100,000.00 500,000.00 400,000.00 785,000.00 580,000.00 $1.785,000.00 $1.455,000.00 35 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, $250.000 b. Depreciation reported on the income statement. $135,000 c. Equipment was purchased at a cost of $420.000 and fully depreciated equipment costing $90,000 was discarded with no salvage realized mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e. 30,000 shares of common stock were issued at $20 for cash. 1. Cash dividends declared and paid, $45.000 d. Labels and Amount Descriptions Cash paid for dividends Cash paid for equipment Cash paid for merchandise Cash paid for purchase of land Cash paid to retire mortgage note payable Cash received from customers Cash received from sale of common stock December 31, 20Y8 Decrease in inventories Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation For the Year Ended December 31, 20Y8 Gain on disposal of equipment Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in inventories Increase in prepaid expenses Loss on disposal of equipment Loss on sale of investments Net cash flow from financing activities Net cash flow from investing activities Net cash flow from operating activities Net cash flow used for financing activities Net cash flow used for investing activities Not cash flow used for operating activities Net decrease in cash Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions is provided for the exact wording of the answer choices for text entries, Be sure to complete the heading of the statement. 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 Label 1 Cash flows from (used for operating activities: 2 Adjustments to reconcile net income to net cash flow from operating activities: > 4 5 Changes in current operating assets and liabilities: . 7 9 10 11 12 Cash flows from (used for) investing activities: 15 14 15 16 Cash flows from (used for) financing activities 18 19 20 21 22 Cash balance, January 1, 2018 chhal Danh Havo