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2 47 Windswept, Incorporated 2022 Income Statement Net sales Cost of goods sold Depreciation Net income Earnings before interest and taxes Interest paid Taxable income
2 47 Windswept, Incorporated 2022 Income Statement Net sales Cost of goods sold Depreciation Net income Earnings before interest and taxes Interest paid Taxable income Taxes (in millions) Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 2022 $ 255 $ 240 1,020 730 1,640 1,620 $ 2,880 $ 2,625 3,370 3,810 $ 6,250 $ 6,435 What were the total dividends paid for 2022? $ 9,200 7,390 305 $ 1,505 87 $ 1,418 425 $ 993 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,380 1,130 3,280 460 $ 6,250 2022 $ 1,315 1,400 3,010 710 $ 6,435
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