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Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Cash Accounts receivable Inventory Prepaid expenses Long-term loans
Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: 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 Comon stock Retained earnings Debits > Credits Credits by: Debits by $ 124,300 170,300 $ 83,600 4.700 104,000 96,000 279,000 65,100 49,700 5,900 9,400 406,000 122,000 75,000 $ 797,500 $797,500 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 $35,800. The equipment originally cost $160,300 and it had $126,300 in accumulated depreciation at the time of sale. c. Cash dividends of $10,600 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 RAM Hana Beginning Ending $2,918,000 $3,197,000 GBA AA 1 AGAR Ch 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 $35,800. The equipment originally cost $160,300 and it had $126,300 in accumulated depreciation at the time of sale. c. Cosh dividends of $10,600 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 Accumulated depreciation Beginning Jinding $2,910,000 $3,197,000 $984,100 $1,049,200 e. The balance in the Cash account at the beginning of the year was $109,700, the balance at the end of the year was $_? 1. 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.) Yoric Company Statement of Cash Flows Operating activities: 0 Investing activities: 0 Financing activities: Proy 4 of 9 HH Most 0 0 Investing activities: + 0 Financing activities: 0 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0
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