(a) Prepare a statement of cash flows for 2020 for Windsor Corporation. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis e.g. (15.000).) WINDSOR CORPORATION Statement of Cash Flows Adjustments to reconcile net income to $ - 140 of bonds outstanding Issued common stock to retire $ A comparative balance sheet for Windsor Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,740 $ 22,000 Accounts receivable 83,220 67.480 Inventory 181,220 190,480 Land 72,220 111,480 Equipment 261,220 201,480 Accumulated Depreciation-Equipment (70,220) (43,480) Total $600,400 $549,440 Liabilities and Stockholders' Equity $ 35,220 $ 48,480 Accounts payable 150,000 200,000 Bonds payable Bonds payable 150,000 200,000 Common stock ($1 par) 214.000 164,000 Retained earnings 201,180 136,960 Total $600,400 $549,440 Additional information: Net income for 2020 was $127,440. No gains or losses were recorded in 2020, 1. 2. 3. Cash dividends of $63,220 were declared and paid. Bonds payable amounting to $50,000 were retired through issuance of common stock (a) Prepare a statement of cash flows for 2020 for Windsor Corporation. (Show amounts that decrease cash flow sign e.g.-15,000 or in parenthesis e.g. (15.000).) WINDSOR CORPORATION Statement of Cach Flowe (a) Prepare a statement of cash flows for 2020 for Windsor Corporation. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis e.g. (15.000).) WINDSOR CORPORATION Statement of Cash Flows Adjustments to reconcile net income to $ - 140 of bonds outstanding Issued common stock to retire $ A comparative balance sheet for Windsor Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,740 $ 22,000 Accounts receivable 83,220 67.480 Inventory 181,220 190,480 Land 72,220 111,480 Equipment 261,220 201,480 Accumulated Depreciation-Equipment (70,220) (43,480) Total $600,400 $549,440 Liabilities and Stockholders' Equity $ 35,220 $ 48,480 Accounts payable 150,000 200,000 Bonds payable Bonds payable 150,000 200,000 Common stock ($1 par) 214.000 164,000 Retained earnings 201,180 136,960 Total $600,400 $549,440 Additional information: Net income for 2020 was $127,440. No gains or losses were recorded in 2020, 1. 2. 3. Cash dividends of $63,220 were declared and paid. Bonds payable amounting to $50,000 were retired through issuance of common stock (a) Prepare a statement of cash flows for 2020 for Windsor Corporation. (Show amounts that decrease cash flow sign e.g.-15,000 or in parenthesis e.g. (15.000).) WINDSOR CORPORATION Statement of Cach Flowe
