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, $186,360
B.	Depreciation reported on the income statement, $82,730
C.	Equipment was purchased at a cost of $162,440 and fully depreciated equipment costing $44,550 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.	Cash dividends declared and paid, $154,580

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Instructions 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 4Accounts receivable (net) 5 Inventories 6 Prepaid expenses 7Equipment 8 Accumulated depreciation-equipment 9 Total assets 45,630.00 $180,110.00 241,890.00 299,730.00 10,220.00 537,200.00 (170,220.00) (132,040.00) $1,189,430.00 $1,137,110.00 224,520.00 321,860.00 12,550.00 655,090.00 Liabilities and Stockholders Equity 10 Accounts payable (merchandise creditors) Mortgage note payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock 240,110.00 $237,190.00 335,380.00 244,000.00 320,000.00 11 0.00 507,000.00 410,000.00 12 13 14 12 Mortgage note payable 5 Common stock, $10 par 1 Paid-in capital: Excess of issue price over par-common stock 15 Retained earnings 35,380.00 244,000.00 320,000.00 540.00 $1,189,430.00 $1,137,110.00 0.00 507,000.00 410,000.00 2,320.00 Total liabilities and stockholders' equity 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, $186,360 B. Depreciation reported on the income statement, $82,730 C. Equipment was purchased at a cost of $162,440 and fully depreciated equipment costing $44,550 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. Cash dividends declared and paid, $154,580 Prepare a statement or cash lows, using the indirect method or presenting cash nows from operating activities. Refer to the Labels and Amount Descriptions list provided tor the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Labels and Amount Descriptions Labels and Amount Descriptions Cash paid for dividends Cash paid for equipment Cash paid for merchandise Cash paid for purchase of land Cash paid to retire mortgage note payable Cash received from customers Cash received from sale of common stock Change in cash December 31, 20Y8 Decrease in inventory Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation For the Year Ended December 31, 20Y8 Labels and Amount Descriptions Gain on disposal of equipment Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in inventory Increase in prepaid expenses Loss on disposal of equipment Loss on sale of investments Net cash flow from financing activities Net cash flow from investing activities Net cash flow from operating activities Net cash flow used for financing activities Net cash flow used for investing activities Net cash flow used for operating activities Net income Net loss Statement of Cash Flows Prepare a statement of cash flows, using the indirect method of presenting cash fows from operating activities. Refer tothe Labeis and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. 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 (Label) 1Cash flows from operating activities: 3Adjustments to reconcile net income to net cash flow from operating activities: 5 Changes in current operating assets and liabilities: Statement of Cash Flows 10 12 Cash flows from investing activities: 13 14 15 16 Cash flows from financing activities: 17 18 19 20 21 Cash at the beginning of the year 22 25 Cash at the end of the year