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.) 484 85e 6,652 148 1,148 248 Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 460 Accounts receivable 1.384 Accumulated depreciation 6,778 Cash & equivalents Common stock 1,208 Cost of goods sold 1,500 Depreciation expense Common stock dividends paid Interest expense 140 Inventory 1,038 Addition to retained earnings 622 Long-term debt 836 Notes payable 23e Gross plant & equipment 10,260 Retained earnings 3,086 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share - year end $ 19.80 Number of shares outstanding 560.ee million 1,846 756 380 1e, eee 2,496 $ 17.50 580.00 million 1.00 Cash balance on December 31, year 1 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 Cash flows from investment activities Increase in gross plant and equipment Total cash flow from investments 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 Net change in cash balance Cash balance on December 31. year 2 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.) 484 85e 6,652 148 1,148 248 Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 460 Accounts receivable 1.384 Accumulated depreciation 6,778 Cash & equivalents Common stock 1,208 Cost of goods sold 1,500 Depreciation expense Common stock dividends paid Interest expense 140 Inventory 1,038 Addition to retained earnings 622 Long-term debt 836 Notes payable 23e Gross plant & equipment 10,260 Retained earnings 3,086 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share - year end $ 19.80 Number of shares outstanding 560.ee million 1,846 756 380 1e, eee 2,496 $ 17.50 580.00 million 1.00 Cash balance on December 31, year 1 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 Cash flows from investment activities Increase in gross plant and equipment Total cash flow from investments 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 Net change in cash balance Cash balance on December 31. year 2