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Burns Corporation's net income last year was $99,200. 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 $99,200. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Cash and cash equivalents $ 20,700 Accounts receivable $ 13,300 Inventory $ (16,300) Prepaid expenses $ 4,200 Long-term investments $ 11,000 Property, plant, and equipment $ 75,600 Accumulated depreciation $ 34,100 Liability and Equity Accounts: Accounts payable $ (19,600) Accrued liabilities $ 17,400 Income taxes payable $ 4,300 Bonds payable $ (66,000) Common stock $ 43,200 Retained earnings $ 95,100 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 $4,100. Required: Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) Prepare the investing activities section of the company's statement of cash flows for the year. Prepare the financing activities section of the company's statement of cash flows for the year
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