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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.)

Windswept Woodworks, Inc.
Input Data
(millions of dollars)
Year 2 Year 1
Accounts payable 424 374
Accounts receivable 1,268 820
Accumulated depreciation 6,734 6,622
Cash & equivalents 212 118
Common stock 1,172 1,110
Cost of goods sold 1,500 n.a.
Depreciation expense ? n.a.
Common stock dividends paid ? n.a.
Interest expense 140 n.a.
Inventory 1,002 1,016
Addition to retained earnings 602 n.a.
Long-term debt 800 726
Notes payable 230 380
Gross plant & equipment 10,260 10,000
Retained earnings 3,050 2,466
Sales 3,018 n.a.
Other current liabilities 116 96
Tax rate 34 % n.a.
Market price per share year end $ 19.80 $ 17.50
Number of shares outstanding 500.00 million 500.00 million

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