1 Use the Information below to prepare a statement of cash flows for Windswept Woodworks, Inc. for year 2. Net Income is given. (Use a minus sign to Indicate negative values. Round each entry to 2 decimal places.) 1 points eBook Print Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 436 Accounts receivable 1,280 Accumulated depreciation 6,746 Cash & equivalents 224 Common stock 1,184 Cost of goods sold 1,500 Depreciation expense Common stock dividends paid ? Interest expense 140 Inventory 1,014 Addition to retained earnings 682 Long-term debt 812 Notes payable 230 Gross plant & equipment 10,260 Retained earnings Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share - year end $ 19.80 Number of shares outstanding 500.00 million Year 1 384 838 6,632 128 1,120 n.a. n.a. n.a. n.a. 1,826 n.a. 736 380 10,888 2,476 n.a. 96 n.a. 17.50 500.00 million References 3,062 $ Cash balance on December 31, year 1 $ $ 834.24 Cash flows from operations Net income Add: depreciation expense Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in notes payable Increase in other current liabilities Total cash flow from operations $ Cash flows from investment activities Increase in gross plant and equipment Total cash flow from investments $ $ $ Cash flows from financing activities Increase in long-term debt Increase in common stock Cash dividends paid to common stockholders Total cash flow from financing $ Net change in cash balance $ Cash balance on December 31, year 2 $