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slavikrds [6]
3 years ago
15

The following information is available for Windsor, Inc. for the year ended December 31, 2020.

Business
1 answer:
tankabanditka [31]3 years ago
3 0

Answer:

See below

Explanation:

Operating activities:

Net income

$288,646

Depreciation

$164,592

Adjusted

$453,238

Change in working capital:

Accounts payable decrease

$3,759

Tax payable

$4,775

Accounts receivable increase

($8,331)

Inventory increase

($11,176)

Total change

($10,973)

* Cash generated from operating activities $442,265

Investing activities;

Proceed from sale of land

$35,560

Purchase of building

($293,624)

Cash used from investing activities

$258,064

Financing activities

Issuance of shares

$203,200

Treasury shares purchase

$26,416

Dividends paid

($12,192)

Cash generated from financing activities

$164,592

Cash generated for the year

$348,793

Beginning cash

$45,720

Ending cash

$394,513

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