Problem 15-11 (Algo) Missing Data; Statement of Cash Flows [LO15-1, LO15-2]

Yoric Company listed the net changes in its balance sheet accounts for the past year as follows:

	Debits > Credits by:		Credits > Debits by:
Cash	$	127,800
Accounts receivable		170,500
Inventory			$	83,300
Prepaid expenses				4,800
Long-term loans to subsidiaries				116,000
Long-term investments		91,000
Plant and equipment		300,000
Accumulated depreciation				65,900
Accounts payable				49,800
Accrued liabilities		5,200
Income taxes payable				9,800
Bonds payable				410,000
Common stock		122,000
Retained earnings				76,900
	$	816,500	$	816,500

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 $35,300. The equipment originally cost $160,600 and it had $126,400 in accumulated depreciation at the time of sale.
3. Cash dividends of $10,800 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	$	2,898,000	$	3,198,000
Accumulated depreciation	$	983,000	$	1,048,900

1. The balance in the Cash account at the beginning of the year was $109,100; 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.

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.)