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please help me by sunday 4 Problem 13-11 (Algo) Missing Data; Statement of Cash Flows (LO13-1, LO13-2) oints Yoric Company listed the net changes in
please help me by sunday
4 Problem 13-11 (Algo) Missing Data; Statement of Cash Flows (LO13-1, LO13-2) oints Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits > Credits by: Debits by: Cash $ 165,200 Accounts receivable 170,600 Inventory $ 84,900 Prepaid expenses 4,300 Long-term loans to subsidiaries 116,000 Long-term investments 90,000 Plant and equipment 251,000 Accumulated depreciation 65,100 Accounts payable 48,800 Accrued liabilities 5,600 Income taxes payable 9,100 Bonds payable 407,000 Common stock 120,000 Retained earnings 75,800 $ 806,700 $ 806,700 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 $35,600. The equipment originally cost $160,200 and it had $126,000 in accumulated depreciation at the time of sale. c. Cash dividends of $10,400 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 Plant and equipment Accumulated depreciation Beginning Ending 5 2.947.000 $ 3.198,000 $ 992,600 $1,657.700 e. The balance in the Cash account at the beginning of the year was $109,700, the balance at the end of the year was $_? f. 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.) Step by Step Solution
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