Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Cash Accounts receivable Inventory Prepaid expenses Long-tolone to subsidiaries Long-term investments plant and equipment Alated depreciation Accounts payable Nerudliabilities Income tax payable Bonde payable Con stock ained saringe Dehits Credits Credits byt Debita by: $168,500 170,300 $ 84,700 4,200 117,000 35,000 250,000 65,700 29,600 5,100 9,100 407,000 124,000 75,600 $812,900 5812, 900 The following additional Information is available about last year's activities: . Net income for the year was $? b. The company sold equipment during the year for $35,500. The equipment originally cost $160,100 and it had $126,100 in accumulated depreciation at the time of sale. c. Cash dividends of $10,500 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 pant and went Acumulated depreciation Beginning Ending 52.343,000 $3,193,000 $974,000 $1,040,500 The balance in the Cash account at the beginning of the year was $109,600; the balance at the end of the year was $_? tif data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change Boris Required: Using the Indirect method, prepare a statement of cash flows for the year. (List any deduction in cash and cash outflown as negative amounts.) Yorle Company Batatamant of Cash Flow Operating activities: Net Income Adjustments to convert not income to a cash basin: Depreciation Gain on sale of equipment Increase in accounts receivable Decrease in Inventory Decrease in prepaid expenses Increase in accounts payable Decrease in Bochued lates Increase in income taxes payable 0 0 Not cash provided by operating activities Investing activities: Proceeds from sale of equipment Additions to plant and equipment Additions to long-term investments Decrease in long-term loans to subsidiaries Not cash used in investing activities Financing activities issuance of bonds payable Cash dividends paid Natash provided by financing activities Not increase in cash Beginning cash and cash equivalents Ending cash and cash equivalents 0