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

	Debits > Credits by:		Credits > Debits by:
Cash and cash equivalents	$	66,900
Accounts receivable		171,000
Inventory			$	83,800
Prepaid expenses				4,300
Long-term loans to subsidiaries				101,000
Long-term investments		90,000
Plant and equipment		326,000
Accumulated depreciation				65,100
Accounts payable				49,100
Accrued liabilities		5,000
Income taxes payable				9,000
Bonds payable				407,000
Common stock		127,000
Retained earnings				75,200
	$	790,200	$	790,200

The following additional information is available about last years activities:

1. Net income for the year was $ ? .
2. The company sold equipment during the year for $35,100. The equipment originally cost $160,900 and it had $127,300 in accumulated depreciation at the time of sale.
3. Cash dividends of $10,800 were declared and paid during the year.
4. The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given below:

	Beginning		Ending
Plant and equipment	$	2,868,000	$	3,194,000
Accumulated depreciation	$	994,700	$	1,059,800

1. The balance in the Cash account at the beginning of the year was $109,300; the balance at the end of the year was $ ? .
2. 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.

Yoric Company
Statement of Cash Flows
Operating activities:
Net income		$86,000
Adjustments to convert net income to a cash basis:
Depreciation	$192,400
Increase in accounts receivable	-171,000
Decrease in inventory	83,800
Increase in prepaid expenses	-4,300
Increase in accounts payable	49,100
Decrease in accrued liabilities	-5,000
Increase in income taxes payable	9,000
Gain on sale of equipment	-1,500
		152500
Net cash provided by operating activities		238500
Investing activities:
Decrease in long-term loans to subsidiaries	101,000
Proceeds from sale of equipment	35,100
Additions to long-term investments	-90,000
Additions to plant and equipment	-486,900
Net cash used in investing activities		-440800
Financing activities:
Issuance of bonds payable	407,000
Repurchase of common stock	-127,000
Cash dividends paid	-10,800
Net cash provided by financing activities		269200
Net increase in cash and cash equivalents		66900
Beginning cash and cash equivalents
Ending cash and cash equivalents		66900

Please show computation for the beginning cash balance and anything else that I am missing.

Answer is not complete. Yoric Company Statement of Cash Flows Operating activities: Net income 86.000 Adjustments to convert net income to a cash basis: Depreciation Increase in accounts receivable Decrease in inventory Increase in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Gain on sale of equipment 192.400 (171.000) 83.800 (4.300) 49.100 (5,000) 9,000 (1.500) OOOOOOOOOOOO 152,500 238,500 Net cash provided by operating activities Investing activities: Decrease in long-term loans to subsidiaries Proceeds from sale of equipment Additions to long-term investments Additions to plant and equipment 101.000 35.100 (90,000) (486.900) (440.800) Net cash used in investing activities Financing activities: Issuance of bonds payable Repurchase of common stock Cash dividends paid 407.000 (127.000) (10.800) 269,200 66.900 Net cash provided by financing activities Net increase in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents $ 88.000