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31, 20re 31, 20r7 Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, \$1 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20va are as fobens: a. Net income, $147,400. b. Depreciation reported on the income statement, $43,840. c. Equipment was purchased at a cost of $84,670 and fully depreciated equipment costing $23,780 was discarded, with na salvage reatued. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e. 8,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, $89,820. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicat adjustments. c. Equipment was purchased at a cost of $84,670 and fully depreciated equipment costing $23,780 was discarded, weh no ulvage realioes. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 8,000 shares of common stock were issued at $18 for cash. f. Cash dreidends declared and paid, $89,820. Required: Prepare a statement of cash flows; using the indirect method of presenting cash flows from (used for) operating activees. Une the minus sign to adjustments. Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20 Ys Line Item Description Amount Amount Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash fows from (used for) financing activities: Cash balance, January 1, 20r8 Cash balance, December 31, 20r8

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