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		$60,610		$74,580
Accounts receivable (net)		93,130		100,540
Inventories		133,030		124,630
Prepaid expenses		5,420		3,780
Equipment		271,010		223,270
Accumulated depreciation-equipment		(70,460)		(54,760)
	Total assets	$492,740		$472,040
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$103,480		$98,660
Mortgage note payable		0		141,610
Common stock, $1 par		16,000		10,000
Paid-in capital: Excess of issue price over par-common stock		223,000		133,000
Retained earnings		150,260		88,770
	Total liabilities and stockholders equity	$492,740		$472,040

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, $157,410.
2. Depreciation reported on the income statement, $34,230.
3. Equipment was purchased at a cost of $66,270, and fully depreciated equipment costing $18,530 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. 6,000 shares of common stock were issued at $16 for cash.
6. Cash dividends declared and paid, $95,920.

Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2077, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $74,580 $60,610 93,130 Accounts receivable (net) 100,540 Inventories 133,030 124,630 5,420 3,780 Prepaid expenses Equipment Accumulated depreciation equipment 271,010 223,270 (54,760) (70,460) $492,740 Total assets $472,040 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $103,480 $98,660 Mortgage note payable 0 141,610 Common stock, $1 par 16,000 10,000 Paid-in capital: Excess of issue price over par-common stock 223,000 133,000 Retained earnings 150,260 88,770 Total liabilities and stockholders' equity $492,740 $472,040 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 ar a. Net income, $157,410. b. Depreciation reported on the income statement, $34,230. C. Equipment was purchased at a cost of $66,270, and fully deprecated equipment costing $18,530 was discarded, wit d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 6,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $95,920. Required