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

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

Cash $ $85,000$

Accounts receivable $170,500$

Inventory $ $83,500$

Prepaid expenses $4,300$

Long$-$term loans to subsidiaries $107,000$

Long$-$term investments $96,000$

Plant and equipment $320,000$

Accumulated depreciation $65,800$

Accounts payable $48,400$

Accrued liabilities $5,400$

Income taxes payable $9,600$

Bonds payable $403,000$

Common stock $120,000$

Retained earnings $75,300$

$ $796,900$ $ $796,900$

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 $$35,500.$ The equipment originally cost $$160,200$ and it had $$126,300$ in accumulated depreciation at the time of sale.

Cash dividends of $$10,200$ 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 $ $2,874,000$ $ $3,194,000$

Accumulated depreciation $ $992,200$ $ $1,058,000$

The balance in the Cash account at the beginning of the year was $$109,400$; 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.$)$