Problem 13-11 Missing Data; Statement of Cash Flows [LO13-1, LO13-2] 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 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 62,300 170,200 4,000 100,000 83,600 119,000 338,000 65,300 48,200 5,500 9,300 404,000 126,000 76,600 $806,000 $806,000 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 $160,800 and it had $126,400 in accumulated depreciation at the time of sale. c Cash dividends of $10,100 were declared and paid during the year. d. The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given Beginning Ending 2,858,000 $3,196,000 $ 977,300 $1,042,600 Plant and equipment Accumulated depreciation e. The balance in the Cash account at the beginning of the year was $109,400; the balance at the end of the year wa f. If data are not given explaining the change in an account, make the most reasonable assumption as to the cause ofth s $ 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: Net income Adjustments to convert net income to a cash basis: Depreciation 01 0 Investing activities: 0 Investing activities: ook rint 0 rences Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents