PR 13-2A Statement of cash flows- indirect method Obj. 2, 3, 4,5 Y7 flow from activities, The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20 is as follows $225,000 Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $ 80,000 100,000 300,000 275,000 510,000 15,000 L TEMPLATE Inventories Prepaid expenses 400,000 1,070,000 10,000 750,000 200,000)(160,000 . . .. Accumulated depreciation-equipment Total assets.. Liabilities and Stockholders' Equity 600,000 400,000 100,000 750,000610,000 $1.750,000 $1.400,000 0 200,000 Paid-in capital: Excess of issue price over par-common stock.. 300,000 Additional data obtained from the income statement and from an examination of the counts in the ledger for 20Y8 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 $395,000and fully depreciated equipment costing $75,000 was discarc with no salvage realized. D. The mortgage note payable was not due for sik years, but the terms permitted earfiler payment without pen 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 f operating activities