Before preparing financial statements for the current year: the chief accountant for Windsor. Inc. discovered the following errors in the accounts. 1. The declaration and payment of $51,000 cash dividend was recorded as a debit to linterest Expense $51,000 and a credit to Cash $51000 2. A 10% stock dividend (1,500 shares) was dedlared on the $10 par value stock when the market price per share was $18. The only entry madewas Stock Dividends (Dr.) $15,000 and Dividend Payable (Cr) $15,000. The shares have not been issued. 3. A 4-for-1 stock split involving the issue of 448,000 shares of $5 par value common stock for 112,000 shares of $20 par value common stock was recorded as a debit to Retained Earnings \$2,240,000 and a credit to Common Stock \$2,240,000. Prepare the correcting entries at December 31 . (Credit account titles ore automaticailly indented when amount is entered. Do not indent manually. If no entry is required, select No Entry for the account titles and enter o for the amounts.) Current Attempt in Progress The comparative balance sheets for Sheffield Corp. show these changes in noncash current asset accounts: accounts receivable decreased $81,100, prepaid expenses increased $24,700, and inventories increased $44,400. Compute net cash provided by operating activities using the indirect method, assuming that net income is $195,600. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesis eg. (15,000).) Gurrent Attempt in Progress The comparative balance sheets for Sheffied Corp. show these changes in noncash current asset accounts: accounts receivable decreased $81,100, prepaid expenses increased $24,700, and inventories increased $43,400. Compute net cash provided by operating activities using the indirect method, assuming that net income is $195,600. (Show amounts that decrease cash flow witheither a sism eg.15,000 or in parenthesis eg (15,000). Sheffield Corp. Statement of Cash Flows-Indirect Method $ Net Income Decrease in Accounts Receivable Increase in Accounts Receivable Increase in Prepaid Expenses Decrease in Prepaid Expenses Increase in Inventory Decrease in Inventory