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The comparative balance sheets for Windsor Corporation show the following information: Please I need help with the ones in red box. ---- Note: There is

The comparative balance sheets for Windsor Corporation show the following information:

Please I need help with the ones in red box. ----

Note: There is not income statement in this problem. These are all the information they gave to solve this problem.

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The comparative balance sheets for Windsor Corporation show the following information: Cash December 31 2020 2019 $55,500 $19,300 55,700 51,800 82.000 85.000 -0- 182,000 Accounts receivable Inventory Buildings Equipment Investments 196,000 121,000 -0- 41.900 Patents 25.100 30.100 Total assets $414,300 $531,100 $5,000 $4,400 46,600 45.200 19,600 76.500 73.500 7.000 14,000 Allowance for doubtful accounts Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable Notes payable, short-term Long-term notes payable Common stock Retained earnings Total liabilities and stockholders' equity 9.900 6,000 50.100 256,000 67.500 49,200 153.100 61,800 $414.300 $531,100 Additional data related to 2020 are as follows. 1. 2. 3. Equipment that had cost $19,900 and was 60% depreciated at time of disposal was sold for $2,000. $18,300 of the long-term note payable was paid by issuing common stock Cash dividends paid were $14.000. On January 1, 2020. the building was completely destroyed by a hurricane. Insurance proceeds on the building were $268.800. Investments (available-for-sale) were sold at $2,800 below their cost. The company has made similar sales and investments in 4. 5. the past. 6. 7. Cash was paid for the acquisition of equipment A long-term note for $19,900 was issued for the acquisition of equipment. Interest of $1,000 and income taxes of $23.600 were paid in cash. 8. Prepare a statement of cash flows using the indirect method. Hurricane damage is unusual in that part of the country. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).) WINDSOR CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 91300 Adjustments to reconcile net income to Net Cash Provided by Operating Actlyitles Depreciation Expense $ 37.540 Patent Amortization 5,000 Loss on Sale of Equipment 5.960 Gain from Hurricane Damage (133,400) Loss on Sale of Investments 2.800 Increase in Accounts Recevable (Net) -4,500 Decrease in Inventory 3,000 Increase in Accounts Payable 3,000 (80,600) Decrease in Inventory 3,000 Increase in Accounts Payable 3,000 (80.600) Net Cash Provided by Operating Activitles 10.700 Cash Flows from Investing Activitles Sale of Investments 39,100 Proceeds from Hurricane Damage to Building 268,800 Sale of Equipment 2.000 Purchase of Equipment (75.300) Net Cash Provided by Investing Activities 234,600 Cash Flows from Financing Activitles Payment of Long-term Notes Payable 18,300 Proceeds from Short-term Note Payable 3,900 Payment of Dividends (14,000 Net Cash Used by Financing Activities 8,200 Net Increase in Cash 36,200 Cash, January 1, 2020 19,300 Cash, December 31, 2020 5 55,500 Net Increase in Cash 36,200 Cash, January 1, 2020 19,300 Cash, December 31, 2020 > 55,500 upplemental disclosures of cash flow information: Cash Pald During the Year for Interest $ 1,000 Cash Pald During the Year for Income Taxes $ 23,600 Noncash investing and Financing Activities 18,300 1 Retired Notes Payable by Issuing Common Stock Purchased Equipment by Issuing Notes Payable 19.900 i 38,200

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