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

1		Dec. 31, 20Y8	Dec. 31, 20Y7
2	Assets
3	Cash	$146,590.00	$180,310.00
4	Accounts receivable (net)	223,920.00	242,510.00
5	Merchandise inventory	322,020.00	298,480.00
6	Prepaid expenses	12,710.00	9,770.00
7	Equipment	654,640.00	536,710.00
8	Accumulated depreciation	(170,680.00)	(132,810.00)
9	Total assets	$1,189,200.00	$1,134,970.00
10	Liabilities and Stockholders Equity
11	Accounts payable (merchandise creditors)	$249,470.00	$238,540.00
12	Mortgage note payable	0.00	335,820.00
13	Common stock, $10 par	73,000.00	23,000.00
14	Paid-in capital: Excess of issue price over parcommon stock	450,000.00	310,000.00
15	Retained earnings	416,730.00	227,610.00
16	Total liabilities and stockholders equity	$1,189,200.00	$1,134,970.00

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, $343,310.
B.	Depreciation reported on the income statement, $83,570.
C.	Equipment was purchased at a cost of $163,630 and fully depreciated equipment costing $45,700 was discarded, with no salvage realized.
D.	10,000 shares of common stock were issued at $19 for cash.
E.	The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.
F.	Cash dividends declared and paid, $154,190.

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list 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 out flows, cash payments, decreases in cash, or any negative adjustments.

Statement of Cash Flows Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 1 Cash flows from operating activities: 2 Net income 3 Adjustments to reconcile net income to net cash flow from operating activities: 4 Depreciation 5 Changes in current operating assets and liabilities: 6 Decrease in accounts receivable 7 Increase in prepaid expenses 8 Increase in merchandise inventory 9 Increase in accounts payable 10 Cash used for equipment 11 12 Cash flows from (used for) investing activities: Statement of Cash Flows 10 Cash used for equipment 11 12 Cash flows from (used for) investing activities: 13 Cash from sale of common stock 14 15 16 Cash flows from (used for) financing activities: 17 18 19 20 21 22 Cash at the beginning of the year 23 Cash at the end of the year