Chapter 13 Q 4

	Beginning		Ending
Plant and equipment	$	2,895,000	$	3,198,000
Accumulated depreciation	$	977,900	$	1,043,600

1. The balance in the Cash account at the beginning of the year was $109,300; the balance at the end of the year was $ ? .
2. If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change.

Required:

Using the indirect method, prepare a statement of cash flows for the year. (List any deduction in cash and cash outflows as negative amounts.)

Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: $ 97,400 170,300 Credits > Debits by: $ 83,700 4,400 106,000 94,000 303,000 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 65,700 48,700 5,500 9,900 405,000 120,000 75,600 $ 794,600 $ 794,600 The following additional information is available about last year's activities: a. Net income for the year was $_?_ b. The company sold equipment during the year for $35,900. The equipment originally cost $160,400 and it had $125,600 in accumulated depreciation at the time of sale. c. Cash dividends of $10,000 were declared and paid during the year. d. The beginning and ending balances in the plant and Equipment and Accumulated Depreciation accounts are given below