Problem 14-11 Missing Data; Statement of Cash Flows [LO14-1, LO14-2]

Problem 14-11 Missing Data; Statement of Cash Flows [L014-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits Credits Credits by: Debits by: Cash S 81,400 170,500 4,400 9,000 5 64,500 Prepaid expenses Long-term loans to subsidiaries 82,000 Plant and equipment 317,000 65,700 48,800 Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock 5,700 9,700 207,000 121,000 76,300 S 675,000 S 675,000 The following additional information is available about last year's activities: a. Net income for the year was S? b. The company sold equipment during the year for $35,400. The equipment originally cost $180,000 and it had $128,800 in accumulated depreciation at the time of sale. Cash dividends of $10,800 were declared and paid during the year The beginning and ending balances in the Plant and Equipment and Accumulated given below c. d. accounts are Ending Plant and equipment 5 2,876,000 3,193,000 5 981,500 1,047,200 The balance in the Cash account at the beginning of the year was $109,800; the balance at the end of the year waS ? If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change. e. f. 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.)