PR 13-2A Statement of cash flows --- indirect method Obj. 2.3.45 Net cash flow from operating activities, $225,000 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets SHOW ME MJW EXCEL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000 $1,750,000 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, $10 par.. Paid-in capital: Excess of issue price over par-commons Retained earnings... Total liabilities and stockholders' equity $ 100,000 300,000 400,000 10,000 750,000 (160.000 $1,400,000 $ 100,000 0 600,000 300,000 750,000 $1,750,000 $ 90,000 400,000 200,000 100,000 610,000 $1,400,000 The comparative balance sheet of Yellow Dog Enterprises Inc, at December 31, 2048 and 20 Chapter 13 Statement of Cash Flows 651 Additional data obtained from the income statement and from an examination of the ac- counts in the ledger for 2018 are as follows: A. Net income, $190,000 B. Depreciation reported on the income statement, $115,000. C. Equipment was purchased at a cost of $395,000 and fully depreciated equipment costing $75,000 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. 40,000 shares of common stock were issued at $15 for cash. F. Cash dividends declared and paid, $50,000. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities Obj. 2, 3, 4,5