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Burns Corporation's net income last year was $97,400. Changes in the company's balance sheet accounts for the year appear below: (Decreases) Asset and Contra-Asset Accounts:
Burns Corporation's net income last year was $97,400. Changes in the company's balance sheet accounts for the year appear below: (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 earnings $ 18,800 $ 13,800 S ( 17,600) S 4400 $ 10,900 $ 75,600 $ 32,900 $ (18,700) $ 17,100 $4200 S ( 64,200) $ 41,600 $ 93,000 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 $4400 Required rating Activities schedule Complete the followin Adjustments Depreciation Expense Change in Change in Inventory Change in Prepaid Expenses Change in Change in Accrued Liabilities Change in Income Taxes Payable S(13,800) S(4,400) $4,200 Net Cash Provided by Operating Activities
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