Bums Corporation's net income last year was $90,000. Changes in the company's balance sheet accounts for the year appear below Increases Asset and Contra-Asset Accounts: Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant and equipment 76,000 Accumulated depreciation52,000 $42,300 $ 28,000 $(35,000) $2,200 $46,000 depreciation$ 52,000 Liability and Equity Accounts: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings $(35,000) $ 25,000 $55,000 $(66,000) $55,000 $ 73,500 The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $16,500 Required: a. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method) (Amounto to be deducted should be indicated Required: a. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method) (Amounts to be deducted should be indicated with o minus sign.) nt ol Cash FlowsIndliect Method (partial Adjustments EST 3 Saved b. Prepare the investing activities section of the company's stotement of cash flows for the year. (Amounts to be deducted should be indicated with a minus sign.) Investing activites c. Prepare the financing activities section of the com pany's statement of cash flows for the year. (Amounts to be deducted should be indicated with a minus sign.) Burns Corporation Statement of Cash Flows for the Year Financing activities