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Statement of cash flows-indirect method The comparative balance sheet of Yellow Dog Enterprises Inc, at December 31,20 y and 20 Y, is as follows: B. Net incomin. $119530 a. Netincome, 5119,530 b. Oepreciation reported on the income statement, $29,620. C. Equpment was purchaved at a cost of 555.100 and fully depreciated equipment wosting $15.000 was tiscarded, with no saivage realized. d. The mortgage note payable was not due for ox years, but the terms permitted earlier payment wahout penaity. e. 5., 900 shores of common stock were fssued at $18 for cast. 1. Caih dividends dectared and paid, \$72.640. Hequited: Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Changes in current operating assets and liabilities Decrease in accounts receivabie Increase in inventories Nncrease in accounts payable in prepaid expenses Cash flows from (used for) investing activities: Cash paid for equipment - Net cash flows from investing activities Cash flows from (used for) finaricing activities: Cash received from sale of common stock Cash balance. January 3,20rs Cash balance, December 31,20 v 3