Business, 22.06.2021 15:50, jenniferalvarez360

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 $ 4,100 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 $ 4,200 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 $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.

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