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

		Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Cash		$66,950		$82,040
Accounts receivable (net)		102,870		110,600
Inventories		146,950		137,090
Prepaid expenses		5,990		4,150
Equipment		299,370		245,610
Accumulated depreciation-equipment		(77,830)		(60,230)
	Total assets	$544,300		$519,260
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$114,300		$108,530
Mortgage note payable		0		155,780
Common stock, $1 par		18,000		11,000
Paid-in capital: Excess of issue price over par-common stock		279,000		146,000
Retained earnings		133,000		97,950
	Total liabilities and stockholders equity	$544,300		$519,260

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:

1. Net income, $89,730.
2. Depreciation reported on the income statement, $37,990.
3. Equipment was purchased at a cost of $74,150, and fully depreciated equipment costing $20,390 was discarded, with no salvage realized.
4. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.
5. 7,000 shares of common stock were issued at $20 for cash.
6. Cash dividends declared and paid, $54,680.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash 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 operating activities:
Common stockDepreciationInventoryNet incomePrepaid expensesRetained earnings	$- Select -
Adjustments to reconcile net income to net cash flow from operating activities:
Cash paid for dividendsDecrease in accounts receivableDepreciationIncrease in accounts receivableNet incomeRetained earnings	- Select -
Changes in current operating assets and liabilities:
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoryDepreciationIncrease in accounts receivable	- Select -
Decrease in accounts payableDecrease in inventoryDecrease in prepaid expensesDepreciationIncrease in accounts receivableIncrease in inventory	- Select -
Decrease in accounts payableDecrease in inventoryDecrease in prepaid expensesIncrease in prepaid expenses	- Select -
Decrease in accounts payableDecrease in prepaid expensesDepreciationIncrease in accounts payableNet incomeRetained earnings	- Select -
Net cash flow from operating activities		$fill in the blank 13
Cash flows from investing activities:
Cash paid for common stockCash paid for equipmentCash paid for dividendsCash paid for inventoryCash paid for prepaid expensesCash paid to retire mortgage note	$- Select -
Net cash flow used for investing activities		fill in the blank 16
Cash flows from financing activities:
Cash received from customersCash received from depreciationCash received from dividendsCash received from net incomeCash received from retained earningsCash received from sale of common stock	$- Select -
Cash paid for accounts payableCash paid for common stockCash paid for dividendsCash paid for equipmentCash paid for inventoryCash paid for prepaid expenses	- Select -
Cash paid for accounts payableCash paid for accumulated depreciationCash paid for common stockCash paid for depreciationCash paid for inventoriesCash paid to retire mortgage note payable	- Select -
Net cash flow used for financing activities		fill in the blank 23
Cash paid for accounts payableCash paid for accumulated depreciationCash paid for common stockCash paid for depreciationCash paid for inventoriesChange in cash		$- Select -
Cash at the beginning of the year		fill in the blank 26
Cash at the end of the year		$fill in the blank 27