The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:   1   Dec. 31, 20Y8 Dec. 31, 20Y7 2 Assets     3 Cash $95,000.00 $110,000.00 4 Accounts receivable (net) 260,000.00 280,000.00 5 Inventories 520,000.00 450,000.00 6 Prepaid expenses 15,000.00 5,000.00 7 Equipment 1,130,000.00 800,000.00 8 Accumulated depreciation-equipment (235,000.00) (190,000.00) 9 Total assets $1,785,000.00 $1,455,000.00 10 Liabilities and Stockholders’ Equity     11 Accounts payable (merchandise creditors) $100,000.00 $75,000.00 12 Mortgage note payable     0.00 500,000.00 13 Common stock, $10 par 500,000.00 200,000.00 14 Paid-in capital in excess of par—common stock 400,000.00 100,000.00 15 Retained earnings 785,000.00 580,000.00 16 Total liabilities and stockholders’ equity $1,785,000.00 $1,455,000.00       Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:   a. Net income, $250,000.   b. Depreciation reported on the income statement, $135,000.   c. Equipment was purchased at a cost of $420,000 and fully depreciated equipment costing $90,000 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. 30,000 shares of common stock were issued at $20 for cash.   f. Cash dividends declared and paid, $45,000.   Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

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The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:   Dec. 31, 20Y8 Dec. 31, 20Y7 Assets     Cash $70,910   $86,990   Accounts receivable (net) 108,960   117,270   Merchandise inventory 155,660   145,360   Prepaid expenses 6,340   4,400   Equipment 317,080   260,420   Accumulated depreciation-equipment (82,440)   (63,870)     Total assets $576,510   $550,570         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $121,070   $115,070   Mortgage note payable 0   165,170   Common stock, $1 par 19,000   12,000   Paid-in capital: Excess of issue price over par-common stock 260,000   155,000   Retained earnings 176,440   103,330     Total liabilities and stockholders’ equity $576,510   $550,570   Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: Net income, $187,160. Depreciation…

Selected financial data for Wilmington Corporation is presented below.   WILMINGTON CORPORATION Balance Sheet As of December 31   Year 7 Year 6 Current Assets     Cash and cash equivalents $    634,527 $   335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009       Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430       Current Liabilities     Short-term borrowings $   306,376 $    170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…