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Condensed financial data of Windsor, Inc. follow. Additional information: 1. New plant assets costing $70,000 were purchased for cash during the year. 2. Old plant
Condensed financial data of Windsor, Inc. follow. Additional information: 1. New plant assets costing $70,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $40,250 and accumulated depreciation of $33,950 were sold for $1,050 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $18,221 was declared and paid during the year. Windsor, Inc. Statement of Cash Flows For the Year Ended December 31, 2022. Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Decrease in Accounts Receivable
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