Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: $ 82,600 170,200 Credits > Debits by: $ 83,800 4,500 118,000 Cash and cash equivalents 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 92,000 332,000 65,200 49,600 5,600 9,300 407,000 123,000 77,000 $809,900 $ 809,900 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 $35,100. The equipment originally cost $160,800 and it had $127,500 in accumulated depreciation at the time of sale. c. Cash dividends of $10,400 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: Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: $ 82,600 170,200 Credits > Debits by: $ 83,800 4,500 118,000 Cash and cash equivalents 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 92,000 332,000 65,200 49,600 5,600 9,300 407,000 123,000 77,000 $809,900 $ 809,900 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 $35,100. The equipment originally cost $160,800 and it had $127,500 in accumulated depreciation at the time of sale. c. Cash dividends of $10,400 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