Question
The following information is available for Windsor Corporation for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease $40,000 3,300 Depreciation expense
The following information is available for Windsor Corporation for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease $40,000 3,300 Depreciation expense 82,000 Accounts receivable increase 9,200 Inventory increase 12,300 Net income 337,500 Y Cash received for sale of land at book value 40,000 Sales revenue 740,500 Cash dividends paid 10,100. Income tax payable increase 4,900 Cash used to purchase building 149,500 Cash used to purchase treasury stock Cash received from issuing bonds 37,000 225,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15, WINDSOR CORPORATION Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to WINDSOR CORPORATION Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to > >
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