Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits Credits by: Debits by: 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. $ 17,000 110,000 $ 65,000 8,000 30,000 80,000 220,000 5,000 32,000 9,000 16,000 400,000 170,000 50,000 $606,000 $606,000 The following additional information is available about last year's activities: a. Net income for the year was $2 b. The company sold equipment during the year for $15,000. The equipment originally cost $50,000 and it had $37,000 in accumulated depreciation at the time of sale. c. Cash dividends of $20,000 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 Beginning Ending $1,580,000 $1,800,000