prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for)operating activities. use minus sign to indicate cash outflows, cash payments, decrease in cash, or any negative adjustments

Statement of cash flows-indirect method The comparative balance sheet of Yellow Dog Enterprises inc. at December 31, 20Y8 and 20Y7, is as follows: dger for 20Y8 are as follows: a. Net income, $148,840. b. Depreciation reported on the income statement, $33,530, c. Equipment was purchased at a cost of $64,750 and fully depreciated equipment costing $18,190 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. 6,000 shares of common stock were issued at $16 for cash. t. Cash dividends declared and paid, $90,700. Required: Prepare a statemient of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outllows, cash payments, decreases in cash, or any negative adjustments. Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20 Y8 Cash batance, December 31, 20 Y8