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Saved Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits > Credits by: Debits

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Saved Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits > Credits by: Debits by: Cash $ 54,100 Accounts receivable 170,800 Inventory $ 83,500 Prepaid expenses 4,200 Long-term loans to subsidiaries 106,000 Long-term investments 96,000 Plant and equipment 333,000 Accumulated depreciation 65,700 Accounts payable 49,900 Accrued liabilities 5,900 Income taxes payable 9,500 Bonds payable 403,000 Common stock 130,000 Retained earnings 76,400 $ 794,000 $794,000 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 $35,100. The equipment originally cost $160,900 and it had $127,500 in accumulated depreciation at the time of sale. c. Cash dividends of $10,900 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 $2.862,000 $3,195,000 $ 986,000 $1,051,700 Help Sa: Plant and equipment Accumulated depreciation $2,862,000 $3,195,000 $ 986,000 $1,051,700 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 $_? 1. 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 3 Operating activities: D NL 10 of 12 Next > Required: Using the indirect method, prepare a statement of cash flows for the year. (List any deduction in ca amounts.) Yoric Company Statement of Cash Flows Operating activities: 0 0 Investing activities: 0 0 Investing activities: Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0

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