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	$	153,100
Accounts receivable		170,500
Inventory			$	64,900
Prepaid expenses		4,800
Long-term loans to subsidiaries				87,000
Long-term investments		95,000
Plant and equipment		251,000
Accumulated depreciation				65,200
Accounts payable				48,600
Accrued liabilities		5,400
Income taxes payable				9,000
Bonds payable				204,000
Common stock				125,000
Retained earnings				76,100
	$	679,800	$	679,800

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 $35,100. The equipment originally cost $160,600 and it had $126,600 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	$ 2,940,000	$ 3,191,000
Accumulated depreciation	$ 987,500	$ 1,052,700

e.	The balance in the Cash account at the beginning of the year was $109,300; 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.)