The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 2017, is as follows: Cash Accounts receivable (net) Merchandise inventory Assets Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Dec. 31, 20Y8 Dec. 31, 2017 $48,010 $58,830 73,770 79,310 105,400 98,310 4,290 2,980 214,680 176,130 (55,820) (43,190) $390,330 $372,370 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $81,970 $77,830 Mortgage note payable 0 111,710 Common stock, $1 par 13,000 8,000 Paid-in capital: Excess of issue price over par-common stock 200,000 105,000 Retained earnings 95,360 69,830 Total liabilities and stockholders' equity $390,330 $372,370 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, $65,360. b. Depreciation reported on the income statement, $27,250. c. Equipment was purchased at a cost of $53,170, and fully depreciated equipment costing $14,620 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. 5,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $39,830. Required: Prepare a statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.. Yellow Dog Enterprises Inc.