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Problem 12-11A Missing Data; Statement of Cash Flows [LO12-1, LO12-2]

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

	Debits > Credits by:		Credits > Debits by:
Cash	$	88,100
Accounts receivable		170,800
Inventory			$	64,000
Prepaid expenses		4,100
Long-term loans to subsidiaries				82,000
Long-term investments		91,000
Plant and equipment		313,000
Accumulated depreciation				65,100
Accounts payable				49,500
Accrued liabilities		5,200
Income taxes payable				9,200
Bonds payable				206,000
Common stock				121,000
Retained earnings				75,400
	$	672,200	$	672,200

The following additional information is available about last years activities:

a.	Net income for the year was $ ? .
b.	The company sold equipment during the year for $35,900. The equipment originally cost $160,500 and it had $126,100 in accumulated depreciation at the time of sale.
c.	Cash dividends of $11,000 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:

	Beginning	Ending
Plant and equipment	$ 2,882,000	$ 3,195,000
Accumulated depreciation	$ 983,300	$ 1,048,400

e.	The balance in the Cash account at the beginning of the year was $109,500; 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.)

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