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Burns Corporation's net income last year was $95,600. 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 $95,600. 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 Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liability and Equity Accounts Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained carnings S 20,500 $ 13,700 S ( 16,500) 4400 $ 10,400 S 74,200 $ 34,100 $ (19,600) $ 16,800 4300 S (61,800) 41,600 S 91,300 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 $4300 Required: Complete the followin ating Activities schedule: Adjustments Depreciation Expense Change in Change in Inventory S(13,700) S ( 16,500) $ 4400 $ 10,400 S 74,200 S 34,100 Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liability and Equity Accounts Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 19,600) S 16,800 $4300 S (61,800) S 41,600 S 91,300 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 $4300 Required: Complete the followin rating Activities schedule: Adjustments Depreciation Expense Change in Change in Inventory Change in Prepaid Ex Change in Change in Accrued Liabilities Change in Income Taxes Payable S(13,700) S(4,400 $4,300 Net Cash Provided by Operating Activities
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