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 $ 25,400 Accounts receivable $ 13,900 Inventory $ (16,800 ) Prepaid expenses $ 4,100 Long ...

1 a 2 Operating activities 3 Net income A Adjustments to reconcile net income to net cash flows 4 fr ...

Burns Corporation's net income last year was $99,200. Changes in the company's balance sheet accounts for the

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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	$	25,400
Accounts receivable	$	13,900
Inventory	$	(16,800	)
Prepaid expenses	$	4,100
Long-term investments	$	10,300
Property, plant, and equipment	$	75,600
Accumulated depreciation	$	34,100
Liability and Equity Accounts:
Accounts payable	$	(18,700	)
Accrued liabilities	$	17,400
Income taxes payable	$	4,200
Bonds payable	$	(63,000	)
Common stock	$	43,600
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 $4,300.

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.

Required A Required BRequired C Prepare the operating activities section of the companys statement of cash flows for method.) (Amounts to be deducted and cash outflows should be indicated with a mi Operating activities: Adjustments