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TB Problem Qu. 13-111 (Algo) Burns Corporation's net income last year... Burns Corporation's net income last year was $99,200. Changes in the company's balance sheet

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TB Problem Qu. 13-111 (Algo) Burns Corporation's net income last year... Burns Corporation's net income last year was $99,200. Changes in the company's balance sheet accounts for the year appear below. Increme (Decreases) Assets and Contrast Accounts Cash and cash equivalents $ 25,400 Accounts receivable $ 13,900 Inventory 5 (16,500) Prepaid expenses $4,100 Long term investments $ 10,00 Property, plant, and equipment $ 5,600 Accumulated depreciation $4,100 Liability and Equity Account Accounts payable $ 18,700) Accrued abilities $ 17,400 Income tax payable $4,200 Bonds payable $(6),000) Costo $ 45,000 Hetained earnings 5 M.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 coinmon stock during the year. The company declared and paid a cash dividend of $1,300, Required: a. Prepare the operating activities section or the company's statement of cash flows for the year, Use the Indirect method) b. Prepare the investing activities section of the company's stitement of cash flows for the year. c. Prepare the financing activities section of the company's statement of cash flows for the year Required A Required B Required c Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) (Amounts to be deducted and cash outflows should be indicated with a minus sign.) Operating activities Adjustments Required Required B > Required A Required B Required Prepare the investing activities section of the company's statement of cash flows for the year. (Amounts to be deducted and cash outflows should be indicated with a minus sign.) Investing activities Required A Required B Required Prepare the financing activities section of the company's statement of cash flows for the year. (Amounts to be deducted and cash outflows should be indicated with a minus sign.) Financing activities

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