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Windsor OAO issued the following statement of cash flows for 2020. Windsor OAO Statement of Cash Flows-Indirect Method For the Year Ended December 31,
Windsor OAO issued the following statement of cash flows for 2020. Windsor OAO Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2020 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: 56.200 Depreciation expense 8,900 Loss on disposal of plant assets 8,300 Decrease in accounts receivable 3,100 Increase in inventory (4,800) Decrease in accounts payable (2.700 ) 12.800 Net cash provided by operating activities Cash flows from investing activities 69,000 Sale of Investments 2,800 Purchase of equipment (26,000) Net cash used by Investing activities (23,200) Cash flows from financing activities Issuance of shares Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year T Cash at end of year 19.500 (12.000) (17,300 19.800 36,000 13.100 49.100 Compute free cash flow for Windsor (Enter negative amount using either a negative sign preceding the number as 45 or parentheses (4513 Free cash flow 33000
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