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Thank you in advance. Ch 11 12 13 14 Srved Burns Corporation's net income last year was $97,400. Changes in the company's balance sheet accounts
Thank you in advance. Ch 11 12 13 14 Srved Burns Corporation's net income last year was $97,400. Changes in the company's balance sheet accounts for the year appear below: Asset and Contra-Asset Accounts: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipent Accumulated depreciation Liability and Equity Accounts: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Increases (Decreases) $ 19,300 $ 13,500 $(16,800) $ 4,400 $ 10,500 $ 75,600 $ 32,200 $(19,600) $ 16,800 $ 4,300 $(61,200) $ 40,880 $ 93,200 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 $4,200. Required: a. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) b. Prepare the investing activities section of the company's statement of cash flows for the year, c. Prepare the financing activities section of the company's statement of cash flows for the year. Complete this question by entering your answers in the tabs below. Required A Required B Required 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.) $ 97,400 Operating activities: Nat income Adjustments Decrease in accounts payable Decrease in inventory Depreciation Increase in accounts receivable Increase in accrued abilities Increase in income taxes payable Increase in prepaid expenses 32,200 (13.500) 16,800 Burns Corporation's net income last year was $97,400. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset 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 $ 19,300 $ 13,500 $(16,800) $ 4,400 $ 10,500 $ 75,600 $ 32,200 $(19,600) $ 16,800 $ 4,300 $(61,200) $ 40,800 $ 93,280 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 $4,200. Required: a. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the Indirect method.) b. Prepare the investing activities section of the company's statement of cash flows for the year. c. Prepare the financing activities section of the company's statement of cash flows for the year. Complete this question by entering your answers in the tabs below. Required A Required B Required C 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: 0 Burns Corporation's net income last year was $97,400. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset 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 $ 19,300 $ 13,500 $(16,800) $ 4,400 $ 10,500 $ 75,600 $ 32,200 $(19,600) $ 16,800 $ 4,300 $(61,200) $ 40,800 $ 93,200 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 $4,200. Required: a. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) b. Prepare the investing activities section of the company's statement of cash flows for the year. c. Prepare the financing activities section of the company's statement of cash flows for the year. Complete this question by entering your answers in the tabs below. 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: $
Thank you in advance.
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