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Business, 22.03.2021 20:20 kndaniels05

ns 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 $ 18,800 Accounts receivable $ 13,800 Inventory $ (17,600 ) Prepaid expenses $ 4,400 Long-term investments $ 10,900 Property, plant, and equipment $ 75,600 Accumulated depreciation $ 32,900 Liability and Equity Accounts: Accounts payable $ (18,700 ) Accrued liabilities $ 17,100 Income taxes payable $ 4,200 Bonds payable $ (64,200 ) Common stock $ 41,600 Retained earnings $ 93,000 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 $4,400. 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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