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

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

Cash $ $126,700$

Accounts receivable $170,500$

Inventory $ $84,300$

Prepaid expenses $4,000$

Long$-$term loans to subsidiaries $109,000$

Long$-$term investments $98,000$

Plant and equipment $274,000$

Accumulated depreciation $65,200$

Accounts payable $48,400$

Accrued liabilities $5,100$

Income taxes payable $9,200$

Bonds payable $401,000$

Common stock $123,000$

Retained earnings $76,200$

$ $797,300$ $ $797,300$

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 $$35,400.$ The equipment originally cost $$160,400$ and it had $$126,600$ in accumulated depreciation at the time of sale.

Cash dividends of $$10,500$ 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 $ $2,917,000$ $ $3,191,000$

Accumulated depreciation $ $983,500$ $ $1,048,700$

The balance in the Cash account at the beginning of the year was $$109,800$; 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.$)$