Show Me How atement of cash flows-indirect method Instructions Labels and Amount Descriptions instructions 1 The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: 1 Cash 4 Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation 9 SO Assets Print them Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) Mortgage note payable 13 Common stock, $10 per 14 Paid-in capital Excess of issue price over par-common stock ss Retained earnings N Total abilities and stockholders equity Statement of Cash Flows A Net income, $291,500 8. Depreciation reported on the income statement, $83.790. Dec 31, 2018 $146,190.00 224,940.00 322,390.00 $179,070.00 241,100.00 299,700.00 12,670.00 9,450.00 655,160.00 537,750.00 (170,790.00) (131,900.00) $1,190,560.00 $1,135,130.00 $250,640.00 Dec 31, 2017 0.00 73,000.00 500,000.00 366,920.00 $1,190,560.00 $237,300.00 336,600.00 23,000.00 310,000.00 228,230.00 $1,135,130.00 dditional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows C. Equipment was purchased at a cost of $162,330 and fully depreciated equipment costing $44,900 was discarded, with no salvage realized D. 10,000 shares of common stock were issued at $24 for cash. E. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty F. Cash dividends declared and paid $152,900 Statement of Cash Flows 1 $ " 1 20 14 Cash flows from operating activities 13 12 Cash flows from (used for) investing activities 28 39 Adjustments to reconcile net income to net cash flow from operating activities: 15 34 Cash flows from (used for) financing activities 17 Changes in current operating assets and liabilities: Yellow Dog Enterprises Inc. Statement of Cash Flows (Label) 21 22 Cash at the beginning of the year 23 Cash at the end of the year Labels and Amount Descriptions Labels and Amount Descriptions Cash used for dividends Cash used for equipment Cash used for merchandise Cash used for purchase of land Cash used to retire mortgage note payable Cash from customers Cash from sale of common stock December 31, 2018 Decrease in cash Decrease in merchandise inventory Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation For the Year Ended December 31, 2018 Gain on disposal of equipment Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in cash Increase in merchandise 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