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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

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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 2 Common stock dividends paid 2 Interest expense 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 3,018 Other current liabilities 116 Tax rate 34 Market price per share - year end $ 19.80 Number of shares outstanding 500.00 million 140 Year 1 384 830 6,632 128 1, 120 n.. n.a. n.a. n. 1,026 n.a. 736 10,000 2,476 n.a. 96 na. 17.50 500.00 Million $ Cash balance on December 31, year 1 S 834.24 Cash flows from operations Net Income Mod depreciation expense Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in notes payable Therese in other current liabilities Total cash flow from operations

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