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Question: problem 1411 missing data statement of cash flows l0141 lo142...

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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 DebitsCredits> Credits by: Debits by: 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 110,000 $65,00e 8,000 30,000 80,000 220,000 5,000 32,000 9,000 16,000 170,000 50,000 $686,000 $686,000The following additional information is available about last years activities: a. Net income for the year was $? b. The company sold equipment during the year for $15,000. The equipment originally cost $50,000 and it had $37,000 in accumulated depreciation at the time of sale c. Cash dividends of $20,000 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: Beginning Ending $1,580,00e $1,800,000 Plant and equipment Accumulated depreciation 675,000 $ 680,00e e. The balance in the Cash account at the beginning of the year was $23,000; 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.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.) Yoric Company Statement of Cash Flows Operating activities et income Adjustments to convert net income to a cash basis Depreciation Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents

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