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Problem 14-11 Missing Data; Statement of Cash Flows [LO14-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year
Problem 14-11 Missing Data; Statement of Cash Flows [LO14-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows Credits > Credits by: Debits by: Debits > 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 $119,200 170,300 4,200 96,000 $ 83,400 107,000 280,000 65,000 48,400 5,700 9,600 406,000 120,000 76,000 $795,400 $795,400 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 $35,300. The equipment originally cost $160,800 and it had $127,000 in accumulated depreciation at the time of sale c. Cash dividends of $10,200 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: Yoric Company Statement of Cash Flows Operating activities Investing activities Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents
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