Question: Help Save & Exit Submit 8 Check my work Problem 15-11 (Algo) Missing Data; Statement of Cash Flows (L015-1, LO15-2] 2.BB Does Yoric Company listed
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Help Save & Exit Submit 8 Check my work Problem 15-11 (Algo) Missing Data; Statement of Cash Flows (L015-1, LO15-2] 2.BB Does Yoric Company listed the net changes in its balance sheet accounts for the past year as follows Debit Credita > Cred by this by Caal 3147,600 Accounts receivable 170,400 taventory # $1,900 Fridae 4.500 Langton loans to balari Long-term investment 91.000 at and quiet 255,000 related depreciation 65.300 Accounts payable 49.000 Acerunt liabilities 5.000 Income tax payable 9.60 honde payable 491.000 Common stock 125,000 letalsed sarang 2.1 59.000 5124.00 The following additional information is available about last year's activities a. Net Income for the year was $? 6. The company sold equipment during the year for $35.600 The equipment originally cost $160,400 and it had $125,900 accumulated depreciation at the time of sale. Cash dividends of $10,000 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 Help Save & Exit Submit Check my work 00 8 www c. Cash dividends of $10100 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 2.88 Plant and want Amated depression Bending 02.0,000 3,195,000 1993,700 61.051.400 e. The balance in the Cash account at the beginning of the year was $109100, the balance at the end of the year was $ fif 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.) Yorse Company Statement of Cash Flow Operating activities: > Help Save & FitSub 8 Check 2.88 0 investing act Financing activities Beginning cash and chequivalents Ending cash and cash equivalent 5 0 MC
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