The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $55,930 $68,900 Accounts receivable (net) 85,940 92,890 Inventories 122,770 115,120 Prepaid expenses 5,000 3,490 Equipment 250,100 206,270 Accumulated depreciation-equipment (65,020) (50,590) Total assets $454,720 $436,080 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $95,490 $91,140 Mortgage note payable 0 130,820 Common stock, $1 par 14,000 9,000 Paid-in capital in excess of par-common stock 198,000 123,000 Retained earnings 147,230 82,120 Total liabilities and stockholders' equity $454,720 $436,080 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, $166,680. b. Depreciation reported on the income statement, $31,550. c. Equipment was purchased at a cost of $60,950 and fully depreciated equipment costing $17,120 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 $16 for cash. f. Cash dividends declared and paid, $101,570. 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 outflows, cash payments, decreases in cash, or any negative adjustments. Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 2048 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: Net cash flow from operating activities Cash flows from (used for) investing activities: o