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Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net income is given. (Use a minus
Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net income is given. (Use a minus sign to indicate negative values. Round your answers to 2 decimal places.) Windswept Woodworks, Incorporated Input Data (millions of dollars) Year 2 Year 1 Accounts payable 562 494 Accounts receivable 1,406 940 Accumulated depreciation 6,872 6,742 Cash & equivalents 350 238 Common stock 1,310 1,230 Cost of goods sold 1,530 n.a. Depreciation expense ? n.a. Common stock dividends paid ? n.a. Interest expense 170 n.a. Inventory 1,140 1,136 Addition to retained earnings 602 n.a. Long-term debt 938 846 Notes payable 260 410 Gross plant & equipment 10,380 10,12
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