## Answers

**Answer:**

Yoric Company | |||

Statement of Cash Flows | |||

for the year ended December 31 | |||

Cash flows from operating activities | |||

Net income (Loss) | 87200 | 76600+10600 | |

Adjustments to reconcile net income to net cash flow from operating activity: | |||

Depreciation Expenses | 191100 | ||

Gain on sale of equipment | -1300 | ||

Changes in current operating assets and liabilities | |||

Increase in Accounts receivable | -170200 | ||

Decrease in Inventories | 83300 | ||

Increase in Prepaid Expenses | 4000 | ||

Increase in Accounts Payable | 49200 | ||

Increase in Income taxes payable | 9600 | ||

Decrease in Accrued liabilities | -5500 | ||

160200 | |||

Net cash flow from operatiing activities | 247400 | ||

Cash flows from investing activities | |||

Sale of Equipment | 35900 | ||

Long-term loans to subsidiaries | 100000 | ||

Long-term investments | -91000 | ||

Purchase of Equipment | -503000 | ||

Net cash flow used for investing activities | -458100 | ||

Cash flows from financing activities | |||

Redemption of Common Stock | -129000 | ||

Issuance of Bonds Payable | 410000 | ||

Payment of Cash Dividend | -10600 | ||

Net cash flow used for financing activities | 270400 | ||

Increase in cash | 125400 | ||

Cash at the beginning of the year | 109300 | ||

Cash at the end of the year | 234700 | ||

Working | |||

Purchase of Equipment | |||

Ending Cost of Equipment | 3196000 | ||

Add: Cost of Equipment Sold | 160000 | ||

Less :Beginning Cost of Equipment | 2853000 | ||

Purchase of Equipment | 503000 | ||

Depreciation Expenses | |||

Ending Accumulated Depreciation | 1057100 | ||

Add: Accumulated Depreciation of Equipment sold | 125400 | ||

Less : Beginning Accumulated Depreciation | 991400 | ||

Depreciation Expenses | 191100 | ||

Gain on Sale of Equipment | |||

Cost of Equipment Sold | 160000 | ||

Less : Accumulated Depreciation of Equipment sold | 125400 | ||

Book Value of Equipment Sold | 34600 | ||

Sale of Equipment | 35900 | ||

Less: Book Value of Equipment Sold | 34600 | ||

Gain on sale of equipment | 1300 |

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