Problem $15-18($Algo$)$ Missing Data; Statement of Cash Flows $[$LO$15-1,$ LO$15-2,$ LO$15-3,$ LO$15-4,$ LO$15-5]$

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 $ $58,500$

Accounts receivable $170,800$

Inventory $ $84,700$

Prepaid expenses $4,300$

Long$-$term loans to subsidiaries $109,000$

Long$-$term investments $93,000$

Plant and equipment $346,000$

Accumulated depreciation $65,500$

Accounts payable $48,900$

Accrued liabilities $5,400$

Income taxes payable $9,900$

Bonds payable $404,000$

Common stock $129,000$

Retained earnings $76,400$

$ $802,700$ $ $802,700$

The following additional information is available about last year$$s activities:

Net income for the year was $$\_\_\_$blank?question mark$\_\_\_$blank $.$

The company sold equipment during the year for $$35,100.$ The equipment originally cost $$160,300$ and had $$127,200$ in accumulated depreciation.

Cash dividends of $$10,900$ were paid during the year.

The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given below:

Beginning Ending

Plant and equipment $ $2,852,000$ $ $3,198,000$

Accumulated depreciation $ $986,500$ $ $1,052,000$

The balance in the Cash account at the beginning of the year was $$109,900$; the balance at the end of the year was $$\_\_\_$blank?question mark$\_\_\_$blank.

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.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.Problem $15-18($Algo$)$ Missing Data; Statement of Cash Flows $[$LO$15-1,$ LO$15-2,$ LO$15-3,$ LO$15-4,$ LO$15-5]$

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

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 $$35,100.$ The equipment originally cost $$160,300$ and had $$127,200$ in

accumulated depreciation.

c$.$ Cash dividends of $$10,900$ were paid during the year.

d$.$ The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given below:

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.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.