The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20 Y8 and 20Y7, is as follows: 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, $190,000. b. Depreciation reported on the income statement, $115,000. c. Equipment was purchased at a cost of $395,000 and fully depreciated equipment costing $75,000 was discarded, with no salvage realizod. Additional data obtained from the income statement and from an examinelion of the accounts in the ledger for 20Y8 are as follows: a. Net income, $190,000. b. Depreciation reported on the income statement, $115,000. c. Equipment was purchased at a cost of $395,000 and fully depreciated equipment costing $75,000 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penally. e. 40,000 shares of common stock were issued at $15 for cash. 1. Cash dividends declared and paid, $50,000. Prepare a statement of cash flows, using the indirect method of presenting cash fows trom operatiog activities. Fefer to the Labels and Amount Descriptions list provided for the exact wording of the answer chaices for toxt entries. Be sure to complote the heading of the statement. Entor amounts that represent cash outhlows as negative numbers using a minus sign 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. Enter. amounts that represent cash outflows as negative numbers using a minus sign. \begin{tabular}{|l|l} Instructions: Labels and Amount Descriptions \end{tabular} Statement of Cash Flows Statement of Cash Flows 11 12 Cash flows from investing activities: 15 14 15 16 Cash flows from financing activities: 17 18. 19 20 n 2) Cash at the beginning of the year 23 Cash at the end of the year Check My Work Previous