Yoric Company listed the net changes in its balance sheet accounts for the past year as follows:

Debits $>$ Credits by: Credits $>$ Debits by:

Cash $ $144,500$

Accounts receivable $170,700$

Inventory $ $84,100$

Prepaid expenses $4,200$

Long$-$term loans to subsidiaries $108,000$

Long$-$term investments $97,000$

Plant and equipment $254,000$

Accumulated depreciation $65,000$

Accounts payable $49,200$

Accrued liabilities $6,000$

Income taxes payable $9,400$

Bonds payable $405,000$

Common stock $129,000$

Retained earnings $76,300$

$ $801,200$ $ $801,200$

The following additional information is available about last year$$s activities:

Net income for the year was $ $?.$

The company sold equipment during the year for $$35,000.$ The equipment originally cost $$160,500$ and it had $$126,800$ in accumulated depreciation at the time of sale.

Cash dividends of $$10,200$ were declared and paid during the year.

The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given below:

Beginning Ending

Plant and equipment $ $2,940,000$ $ $3,194,000$

Accumulated depreciation $ $990,200$ $ $1,055,200$

The balance in the Cash account at the beginning of the year was $$109,400$; the balance at the end of the year was $ $?.$

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.$)$