Yoric
Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: $ 89,500 178,888 Credits > Debits by: $ 84,400 4,488 105,000 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 92,000 310, eee 65,100 48,888 5,000 9,3ee 407, eee 123,000 $ 794,700 75, 100 $794,700 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 $35,400. The equipment originally cost $160,000 and it had $126,300 in accumulated depreciation at the time of sale. c. Cash dividends of $10,900 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 Ending $2,883,000 $3,193,000 $ 990,888 $1,855,989 e. The balance in the Cash account at the beginning of the year was $109,900; the balance at the end of the year was $_? of the change LJILJEF tion.com%252F#/activity/ques 3 Assessment Saved b. The company sold equipment during the year for $35,400. The equipment originally cost $160,000 and it had $126,300 in accumulated depreciation at the time of sale. c. Cash dividends of $10,900 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 Ending $2,883,000 $3,193,000 $ 990,800 $1,855,900 e. The balance in the Cash account at the beginning of the year was $109,900; the balance at the end of the year was $_? f. 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: 4 Yoric Company Statement of Cash Flows Operating activities: 3.57 points Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents
