Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: 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 Debits > Credits by: Credits > Debits by: $ 83,800 170,400 $ 84,600 4,900 102,000 97,000 313,000 65,500 48,200 5,700 9,400 405,000 126,000 76,300 $ 795,900 $ 795,900 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 $160,900 and it had $127,500 in accumulated depreciation at the time of sale. c. Cash dividends of $11,000 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 $ 2,880,000 $992,300 Ending $ 3,193,000 $ 1,057,800 e. The balance in the Cash account at the beginning of the year was $109,400; the 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.) Operating activities: Net income ES Yoric Company Statement of Cash Flows Adjustments to convert net income to a cash basis: Depreciation Gain on sale of equipment Increase in accounts receivable Decrease in inventory Decrease in prepaid expenses (1,900) (170,400) 84,600 4,900 Increase in accounts payable 48,200 Decrease in accrued liabilities (5,700) Increase in income taxes payable 9,400 (30,900) Net cash provided by operating activities (30,900) Investing activities: Proceeds from sale of equipment Additions to plant and equipment Additions to long-term investments Additions to long-term investments Decrease in long-term loans to subsidiaries Net cash used in investing activities Financing activities: Issuance of bonds payable Repurchase of common stock Cash dividends paid Net increase in cash Beginning cash and cash equivalents Ending cash and cash equivalents 102,000 102,000 405,000 (126,000) (11,000) 268,000 339,100 $ 339,100