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:

	Debits > Credits by:		Credits > Debits by:
Cash and cash equivalents	$	73,700
Accounts receivable		170,400
Inventory			$	83,200
Prepaid expenses				4,300
Long-term loans to subsidiaries				102,000
Long-term investments		99,000
Plant and equipment		312,000
Accumulated depreciation				65,100
Accounts payable				49,000
Accrued liabilities		5,300
Income taxes payable				9,600
Bonds payable				406,000
Common stock		126,000
Retained earnings				75,800
	$	790,700	$	790,700

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 $35,400. The equipment originally cost $160,700 and it had $126,400 in accumulated depreciation at the time of sale.
3. Cash dividends of $10,400 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	$	2,881,000	$	3,193,000
Accumulated depreciation	$	976,600	$	1,041,700

1. The balance in the Cash account at the beginning of the year was $109,900; 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.