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Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: The following additional information is available about last

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Yoric Company listed the net changes in its balance sheet accounts for the past year as follows:
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 $35,900. The equipment originally cost $160,300 and it had $125,900 in accumulated depreciation at the time of sale.
c. Cash dividends of $10,100 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:
\table[[,Beginning,Ending],[Plant and equipment,$2,884,000,$3,197,000
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