Question: 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
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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: ces 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 Debits > Credits > Credits by: Debits by: $122,700 170,700 $ 83,900 4,500 111,000 97,000 268,000 65,400 49,700 5,700 9,900 402,000 129,000 75,700 $797,600 $797,600 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 $35,200. The equipment originally cost $161,000 and it had $127,700 in accumulated depreciation at the time of sale. c. Cash dividends of $10,200 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 $2,929,000 $3,197,000 $ 983,200 $1,048, 600 e. The balance in the Cash account at the beginning of the year was $109,100; 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. Operating activities: Investing activities: Financing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents
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