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The following is a condensed version of the comparative balance sheets for Windsor Corporation for the last two years at December 31. Cash Accounts receivable
The following is a condensed version of the comparative balance sheets for Windsor Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated Depreciation Equipment Current liabilities Common stock Retained earnings 2020 $ 300,900 306,000 88,400 506,600 (180,200) 227,800 272,000 521,900 2019 $ 132,600 314,500 125,800 408,000 (151,300) 256,700 272,000 300,900 Additional information: Investments were sold at a loss of $17,000; no equipment was sold; cash dividends paid were $51,000, and net income was $272,000 Prepare a statement of cash flows for 2020 for Windsor Corporation (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesise.g. (15,000)) WINDSOR CORPORATION Statement of Cash Flows Statement of Cash FTOWS $ Adjustments to reconcile net income to > > > e Textbook and Media Determine Windsor Corporation's free cash flow. Free cash flow $ e Textbook and Media
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