The comparative balance sheets for Windsor Corporation show the following information. December 31 2020 2019 $33,400 $12,900 Cash 12,200 10,000 11,800 9,100 Accounts receivable Inventory Available-for-sale debt investments Buildings Equipment -0- 2.900 -0- 29,800 45.200 20,200 Patents 5,000 6,300 $107,600 $91,200 $3,000 $4,600 2,000 4,500 -0- 5,900 5,000 2.900 Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings -0- 4,900 3,000 4,000 31,000 25,000 43,000 33,000 20,600 6,400 $107,600 $91,200 Additional data related to 2020 are as follows. 1. 2. 3. . 4. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500. $10,000 of the long-term note payable was paid by issuing common stock. Cash dividends paid were $4,900. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,000 (net of $2,100 taxes). Debt investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past. Cash was paid for the acquisition of equipment A long-term note for $16,000 was issued for the acquisition of equipment Interest of $2,000 and income taxes of $6,400 were paid in cash. 5. 6. 7. 8. 8 WINDSOR CORPORATION Statement of Cash Flows Adjustments to reconcile net Income to > > > > > > Supplemental disclosures of cash flow Information: $ $