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Problem 15-11 (Algo) Missing Data; Statement of Cash Flows (LO15-1, LO15-2] Yoric Company listed the net changes in its balance sheet accounts for the past
Problem 15-11 (Algo) Missing Data; Statement of Cash Flows (LO15-1, LO15-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credis > Credits by: Debits by: Cash $ 147,500 Accounts receivable 171,000 Inventory $ 83,200 Prepaid expenses 4,700 Long-term loans to subsidiaries 114,000 Long-term investments 99, eee Plant and equipment 256,000 Accumulated depreciation 65,900 Accounts payable 48,100 Accrued liabilities 5,700 Income taxes payable 9,400 Bonds payable 401,000 Common stock 124,000 Retained earnings 76,900 $ 803,200 $883,200 The following additional information is available about last year's activities: Mesa 2 U 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 $35,500 The ekuipment originally cost $160,400 and it had $126,000 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. Plant and equipment Accumulated depreciation Beginning Ending $2,937,800 $3,193, eee $ 988,eee $1,853,9ee e. The balance in the Cash account at the beginning of the year was $110,000the 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.) Yoric Company Statement of Cash Flows Operating activities: 0 0 Investing activities: 0 + 0 0 Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0
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