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Please show the work that goes into the calculations, thanks :) Burns Corporation's net income last year was $99,200. Changes in the company's balance sheet
Please show the work that goes into the calculations, thanks :)
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) Assct 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 $ 25,400 $ 13,900 $(16,800) $ 4100 $ 10,300 $ 75,600 $ 34,100 $(18,700) $ 17,400 $ 4200 $ ( 63,000) $ 43,600 $ 94,900 The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any honda 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 following Operating Activities schedule: Adiustments Depreciation Expense $ 34100 $(13,900) Change in Change in Inventory $(4,100) Change in Prepaid Expenses Change in Change in Accrued Liabilities Change in Income Taxes Payable $4,200 Net Cash Provided by Operating Activities $Step by Step Solution
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