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Please solve this problem: Exercise 12-5 The following information is available for Windsor, Inc. for the year ended December 31, 2017. Beginning cash balance Accounts
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Exercise 12-5 The following information is available for Windsor, Inc. for the year ended December 31, 2017. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 45,720 3,759 164,592 8,331 11,176 288,646 35,560 12,192 4,775 293,624 26,416 203,200 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).)Step by Step Solution
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