Problem 14-11 Missing Data; Statement of Cash Flows (LO14-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: $ 133,800 170,500 Credits Debits by: $ 84,800 4,900 102,000 Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 96,000 263,000 65,700 49,000 5,300 9,800 409,000 123,000 $ 796,500 76,200 $796,500 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 $35,400. The equipment originally cost $160,800 and it had $127,300 in accumulated depreciation at the time of sale. c. Cash dividends of $10,800 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 $35,400. The equipment originally cost $160,800 and it had $127,300 in accumulated depreciation at the time of sale. c. Cash dividends of $10,800 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: Plant and equipment Accumulated depreciation Beginning Ending $2,936,000 $3,199,000 $ 986,300 $1,052,000 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.) Yoric Company Statement of Cash Flows Operating activities: Net Income $ 87,000 Adjustments to convert net income to a cash basis: Depreciation $ 193,000 Increase in accounts payable 49,000 Decrease in inventory 84,800 Decrease in prepaid expenses 4,900 Increase in accounts receivable (170,500)