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Required: Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net incom given. (Use a minus
Required: Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net incom given. (Use a minus sign to indicate negative values. Round your answers to 2 decimal places.) \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Windswept Woodworks, Incorporated } \\ \hline \multicolumn{1}{|c|}{ Statement of Cash Flows } \\ \hline (millions of dollars) \\ \hline Cash balance on December 31, year 1 \\ \hline Cash flows from operations \\ \hline Net income \\ \hline Add: depreciation expense \\ \hline Increase in accounts receivable \\ \hline Increase in inventories \\ \hline Increase in accounts payable \\ \hline Decrease in notes payable \\ \hline Increase in other current liabilities \\ \hline Total cash flow from operations \\ \hline Cash flows from investment activities \\ \hline Increase in gross plant and equipment \\ \hline Total cash flow from investments \\ \hline Cash flows from financing activities \\ \hline Increase in long-term debt \\ \hline Increase in common stock \\ \hline Cash dividends paid to common stockholders \\ \hline Total cash flow from financing \\ \hline Net change in cash balance \\ \hline Cash balance on December 31, year 2 \\ \hline \end{tabular}
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