Problem 13-11 Missing Data; Statement of Cash Flows [LO13-1, LO13-2] 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 $35,900. The equipment originally cost $160,600 and it had $126,600 in accumulated depreciation at the time of sale. c. Cash dividends of $10,600 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: a. Net income for the year was $ ? b. The company sold equipment during the year for $35,900. The equipment originally cost $160,600 and it had $126,600 in accumulated depreciation at the time of sale. c. Cash dividends of $10,600 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: e. The balance in the Cash account at the beginning of the year was $109,500; 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.) Answer is not complete. Yoric Company Statement of Cash Flows Operating activities: Net income Adjustments to convert net income to a cash basis: Depreciation \begin{tabular}{|l|} \hline Increase in accounts receivable \\ \hline Decrease in inventory \\ \hline Decrease in prepaid expenses \\ \hline Increase in accounts payable \\ \hline Increase in income taxes payable \\ \hline Gain on sale of equipment \\ \hline \end{tabular} Investing activities: Decrease in long-term loans to subsidiaries Proceeds from sale of equipment Additions to long-term investments Additions to plant and equipment Financing activities: Issuance of bonds payable Repurchase of common stock Cash dividends paid