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Question 3

Burns Corporation's net income last year was $98,300. Changes in the company's balance sheet accounts for the year appear below:

	Increases (Decreases)
Asset and Contra-Asset Accounts:
Cash and cash equivalents	$	20,500
Accounts receivable	$	13,400
Inventory	$	( 16,500)
Prepaid expenses	$	4400
Long-term investments	$	10,300
Property, plant, and equipment	$	74,900
Accumulated depreciation	$	32,200
Liability and Equity Accounts:
Accounts payable	$	( 18,700)
Accrued liabilities	$	17,100
Income taxes payable	$	4300
Bonds payable	$	( 64,800)
Common stock	$	42,800
Retained earnings	$	94,100

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 $4200.

Required:

No decimals are needed

Complete the following Operating Activities schedule:

	$
Adjustments
Depreciation Expense	$
Change in	$(13,400)
Change in Inventory	$
Change in Prepaid Expenses	$(4,400)
Change in	$
Change in Accrued Liabilities	$
Change in Income Taxes Payable	$4,300
Net Cash Provided by Operating Activities	$