Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Cash Accounts receivable Inventory Debits > Credits by: Credits > Debits by: $146,300 170,600 $ 83,300 Prepaid expenses Long-term loans to subsidiaries 4,900 101,000 Long-term investments. 98,000 Plant and equipment 250,000 Accumulated depreciation Accounts payable 65,400 48,800 Accrued liabilities. 5,500 Income taxes payable Bonds payable Common stock Retained earnings 9,500 403,000 122,000 76,500 $ 792,400 $ 792,400 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 $35,900. The equipment originally cost $160,600 and it had $126,300 in accumulated depreciation at the time of sale. c. Cash dividends of $10,300 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 $ 2,949,000 $982,800 Ending $3,199,000 $ 1,048,200 e. The balance in the Cash account at the beginning of the year was $109,700; the balance at the end of the year was $2 f. If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change a. Net income for the year was $? b. The company sold equipment during the year for $35,900. The equipment originally cost $160,600 and it had $126,300 in accumulated depreciation at the time of sale. c. Cash dividends of $10,300 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 $ 2,949,000 $ 982,800 Ending $3,199,000 $ 1,048,200 e. The balance in the Cash account at the beginning of the year was $109,700, the balance at the end of the year was $? 1. 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.) Operating activities Yoric Company Statement of Cash Flows Contribution margin Gross margin Net income Sales Dray 4 Operating activities: Investing activities. Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents