Question

Yoric Company listed the netchanges in its balance sheet accounts for the past year asfollows:

	Debits > Credits by:		Credits > Debits by:
Cash	$	137,100
Accountsreceivable		170,100
Inventory			$	64,300
Prepaidexpenses		4,800
Long-term loans tosubsidiaries				81,000
Long-terminvestments		98,000
Plant andequipment		258,000
Accumulateddepreciation				65,200
Accountspayable				48,300
Accruedliabilities		5,000
Income taxespayable				9,800
Bonds payable				207,000
Common stock				122,000
Retainedearnings				75,400
	$	673,000	$	673,000

The following additionalinformation is available about last year’s activities:

a.	Net income for the year was$ ? .
b.	The company sold equipmentduring the year for $35,500. The equipment originally cost $160,500and it had $126,500 in accumulated depreciation at the time ofsale.
c.	Cash dividends of $10,300 weredeclared and paid during the year.
d.	The beginning and endingbalances in the Plant and Equipment and Accumulated Depreciationaccounts are given below:

	Beginning	Ending
Plant and equipment	$ 2,939,000	$ 3,197,000
Accumulated depreciation	$ 986,100	$ 1,051,300

e.	The balance in the Cash accountat the beginning of the year was $109,400; the balance at the endof the year was $ ? .
f.	If data are not given explainingthe change in an account, make the most reasonable assumption as tothe cause of the change.

Required:

Using the indirect method, prepare a statement of cash flows forthe year. (List any deduction in cash and cash outflows asnegative amounts.)