Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Cash Accounts receivable: Debits Credits by: Credits Debits by $131,600 170,500 Inventory $83,600 Prepaid expenses. 4,700 Long-term loans to subsidiaries 110,000 Long-term investments 99,000 Plant and equipment 274,000 Accumulated depreciation Accounts payable 65,200 40,200 Accrued liabilities 5,600 Income taxes payable 9,900 Bonds payable 405,000 Common stock 122,000 Retained earnings 75,100 $802,700 $802,700 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 $10,700 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 $2,919,000 $3,193,000 $ 968,500 $1,053,700 Ending e. The balance in the Cash account at the beginning of the year was $109,000, the balance at the end of the year was 5 f. If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change