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Use the information below to prepare a statement of cash flows for Windswept Woodworks, Inc. for year 2. Net income is given. (Use a minus

Use the information below to prepare a statement of cash flows for Windswept Woodworks, Inc. for year 2. Net income is given. (Use a minus sign to indicate negative values. Round each entry to 2 decimal places.)

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Use the information below to prepare a statement of cash flows for Windswept Woodworks, Inc. for year 2. Net income is given. (Use a minus sign to indicate negative values. Round each entry to 2 decimal places.) Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 436 Accounts receivable 1,280 Accumulated depreciation 6,746 Cash & equivalents 224 Common stock 1,184 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? Interest expense 140 Inventory 1,014 Addition to retained earnings 602 Long-term debt 812 Notes payable 230 Gross plant & equipment 10, 260 Retained earnings 3,062 Sales Other current liabilities 116 Tax rate 34% Market price per share year end $ 19.80 Number of shares outstanding 500.00 million Year 1 384 830 6,632 128 1,120 n.a. n.a. n.a. n.a. 1,026 n.a. 736 380 10,000 2,476 n.a. 96 n.a. 17.50 500.00 million 3,018 $ Cash balance on December 31, year 1 $ 128 $ 834.24 114.00 -450.00 -12.00 Cash flows from operations Net income Add: depreciation expense Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in notes payable Increase in other current liabilities Total cash flow from operations 52.00 - 150.00 20.00 $ -408.00 Cash flows from investment activities Increase in gross plant and equipment Total cash flow from investments $ -260.00 $ -260.00 $ 76.00 Cash flows from financing activities Increase in long-term debt Increase in common stock Cash dividends paid to common stockholders Total cash flow from financing 64.00 140.00 -76.24 Net change in cash balance $ 96.00 Cash balance on December 31, year 2 $ 224.00

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