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Condensed financial data of Windsor, Inc. follow. Additional information: 1. New plant assets costing $80,800 were purchased for cash during the year. 2. Old plant
Condensed financial data of Windsor, Inc. follow. Additional information: 1. New plant assets costing $80,800 were purchased for cash during the year. 2. Old plant assets having an original cost of $46,900 and accumulated depreciation of $36,500 were sold for $2,900 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $24,500 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Windsor, Inc. Statement of Cash Flows $ Adjustments to reconcile net income to $
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