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** Please include steps of how to solve ** Yoric Company listed the net changes in its balance sheet accounts for the past year as
** Please include steps of how to solve ** Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Cash 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 Debits > Credits > Credits by: Debits by: $ 79,300 170,300 $ 83,400 4,900 101,000 93,000 309,000 65,500 49,500 5,100 9,700 404,000 128,000 76,500 $ 789,600 $789,600 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 $35,000. The equipment originally cost $160,200 and it had $126,500 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. Plant and equipment Accumulated depreciation Beginning Ending $2,887,000 $3,196,000 $ 993,000 $1,058,500 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 $_? 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 Statement of Cash Flows Operating activities 0 0 Investing activities 0 0 Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $
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