The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2078 and 2077, is as follows: Dec. 31, 20Y8 Dec. 31, 2017 Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets $75,050 115,330 164,760 6,710 335,600 (87,260) $610,190 $92,460 124,640 154,480 4,680 276,790 (67,880) $585,170 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $128,140 $122,300 Mortgage note payable 0 175,550 Common stock, $1 par 19,000 12,000 Pald-in capital in excess of par-common stock 284,000 165,000 Retained earnings 179,050 110,320 Total abilities and stockholders' equity $610,190 $585,170 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, $175,950. b. Depreciation reported on the income statement, $42,350. c. Equipment was purchased at a cost of $81,780 and fully depreciated equipment costing $22,970 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. 7,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and pald, $107,220. payments, decreases in cash, or any negative adjustments. Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: