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PLEASE HELPPPP. I WILL LIKEEEE Yorlc Company listed the net changes In Its balance sheet accounts for the past year as follows: The following additional
PLEASE HELPPPP. I WILL LIKEEEE
Yorlc Company listed the net changes In Its balance sheet accounts for the past year as follows: The following additional information is avallable about last year's activitles: a. Net income for the year was $ ? b. The company sold equipment during the year for $35,900. The equipment orlginally cost $160,900 and it had $126,200 in accumulated depreclation at the time of sale. c. Cash dlvidends of $10,400 were declared and pald during the year. d. The beginning and ending balances In the Plant and Equipment and Accumulated Depreclation accounts are given below: e. The balance in the Cash account at the beginning of the year was $109,300; the balance at the end of the year was $ ? f. If data are not glven 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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