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

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

Cash $ $122,700$

Accounts receivable $170,300$

Inventory $ $84,000$

Prepaid expenses $4,500$

Long$-$term loans to subsidiaries $106,000$

Long$-$term investments $93,000$

Plant and equipment $281,000$

Accumulated depreciation $65,500$

Accounts payable $48,800$

Accrued liabilities $6,000$

Income taxes payable $9,100$

Bonds payable $401,000$

Common stock $122,000$

Retained earnings $76,100$

$ $795,000$ $ $795,000$

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 $$35,000.$ The equipment originally cost $$160,600$ and it had $$126,700$ in accumulated depreciation at the time of sale.

Cash dividends of $$10,300$ 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 $ $2,916,000$ $ $3,197,000$

Accumulated depreciation $ $990,100$ $ $1,055,600$

The balance in the Cash account at the beginning of the year was $$109,100$; 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.$)$

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