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Item 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 and cash equivalents	$	141,700
Accounts receivable		170,400
Inventory			$	84,300
Prepaid expenses				4,700
Long-term loans to subsidiaries				116,000
Long-term investments		90,000
Plant and equipment		269,000
Accumulated depreciation				65,300
Accounts payable				49,400
Accrued liabilities		5,500
Income taxes payable				9,700
Bonds payable				409,000
Common stock		128,000
Retained earnings				75,600
	$	809,300	$	809,300

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 $35,000. The equipment originally cost $161,000 and it had $128,000 in accumulated depreciation at the time of sale.
3. Cash dividends of $10,300 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	$	2,929,000	$	3,198,000
Accumulated depreciation	$	980,700	$	1,046,000

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. (List any deduction in cash and cash outflows as negative amounts.)