QUESTION 6

1. 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	$	21,900
   Accounts receivable	$	13,500
   Inventory	$	( 16,800)
   Prepaid expenses	$	4100
   Long-term investments	$	10,200
   Property, plant, and equipment	$	77,000
   Accumulated depreciation	$	33,200
   Liability and Equity Accounts:
   Accounts payable	$	( 19,600)
   Accrued liabilities	$	16,800
   Income taxes payable	$	4200
   Bonds payable	$	( 61,200)
   Common stock	$	41,600
   Retained earnings	$	94,900

   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 following Operating Activities schedule:

   	$
   Adjustments
   Depreciation Expense	$
   Change in	$(13,500)
   Change in Inventory	$
   Change in Prepaid Expenses	$(4,100)
   Change in	$
   Change in Accrued Liabilities	$
   Change in Income Taxes Payable	$4,200
   Net Cash Provided by Operating Activities	$