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Burns Corporation's net Income last year was $94,600. Changes In the company's balance sheet accounts for the year appear below. Increases (Decreases Asset and Contra-Asset
Burns Corporation's net Income last year was $94,600. Changes In the company's balance sheet accounts for the year appear below. Increases (Decreases Asset and Contra-Asset Accounts: Cash and cash equivalents Accounts receivable Inventory $ 24,288 13,788 $ (17,388) $ 4,308 $ 18,680 $ 71,488 $ 32,688 Long-term investments Property, plant, and equipment Accumulated depreciation Liability and Equity Accounts: Accounts payable Accrued 1iabilities Income taxes payable Bonds payable Conmon stock Retained earnings $ (19,688) $ 17,480 $ 4,4868 $ (62,488) $ 44,880 $ 98,588 The company did not dispose of any property. plant, and equlpment, sell any long-term Investments, Issue any bonds payable, or repurchase any of Its own common stock during the year. The company declared and pald a cash divMdend of $4100 Required: a. Prepare the operating actvities section of the company's statement of cash flows for the year. (Use the Indirect method.) b. Prepare the Investing activities section of the company's statement of cash flows for the year. c. Prepare the financing activities section of the company's statement of cash flows for the year. Complete this question by entering your answers in the tabs below. Required Required B Required C Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) (Amounts to be deducted and cash outflows should be indicated with a minus sign.) Operating activities
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