14-12 Missing Data; Statement of Cash Flows [LO1, LO2] Estes Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: Credits > Debits by: Cash... $ 51,000 Accounts receivable 170,000 Inventory.... $ 63,000 Prepaid expenses. 4,000 Long-term loans to subsidiaries 80,000 Long-term investments 90,000 Plant and equipment... 340,000 Accumulated depreciation. 65,000 Accounts payable.. 48,000 Accrued liabilities 5,000 Income taxes payable. 9,000 Bonds payable. 200,000 Common stock Retained earnings 120,000 75,000 $660,000 $660,000 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 $35,000. The equipment originally cost the company $160,000, and it had $145,000 in accumulated depreciation at the time of sale. c. The company declared and paid $10,000 in cash dividends during the year. d. The beginning and ending balances in the Plant and Equipment and Accumulated Deprecia- tion accounts are given below: Beginning Ending Plant and equipment ..... Accumulated depreciation .... $2,850,000 $975,000 $3,190,000 $1,040,000 e. The balance in the Cash account at the beginning of the year was $109,000; 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 assump- tion as to the cause of the change. Required: Using the indirect method, prepare a statement of cash flows for the year