15-11 Missing Data; Statement of Cash Flows LO15-1, LO15-2 Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits > Credits by: Debits by: Cash and cash equivalents $ 17,000 Accounts receivable 110,000 Inventory $ 65,000 Prepaid expenses 8,000 Long-term loans to subsidiaries 30,000 Long-term investments 80,000 Plant and equipment 220,000 Accumulated depreciation Accounts payable 5,000 32,000 Accrued liabilities 9,000 Income taxes payable Bonds payable 16,000 400,000 Common stock 170,000 Retained earnings 50,000 $606,000 $606,000 The following additional information is available about last year's activities: a. Net income for the year was $ b. C. d. ? The company sold equipment during the year for $15,000. The equipment originally cost $50,000 and it had $37,000 in accumulated depreciation at the time of sale. Cash dividends of $20,000 were declared and paid during the year. The beginning and ending balances in the Plant and Equipment and Accumulated Deprecia- tion accounts are given below: Beginning Ending Plant and equipment Accumulated depreciation $1,580,000 $675,000 $1,800,000 $680,000 e. f. The balance in the Cash account at the beginning of the year was $23,000; the balance at the end of the year was $ ? If data are not given explaining the change in an account, make the most reasonable assump- tion as to the cause of the change. Required: Using the indirect method, prepare a statement of cash flows for the year