Please do not give solution in image format thanku Windsor, Inc.Statement of Cash Flows-Indirect MethodFor the Year Ended December 31, 2020Cash flows from operating activitiesNet incomeAdjustments to reconcile net income to net cashprovided by operating activities:Depreciation expenseLoss on disposal of plant assetsIncrease in inventoryDecrease in accounts receivableDecrease in accounts payableNet cash provided by operating activitiesCash flows from investing activitiesSale of investmentsPurchase of equipmentNet cash used by investing activitiesCash flows from financing activities$8,9008,800(5,100)3,500(2,300 )2,900(27,300 )$56,90013,80070,700(24,400 ) Cash flows from financing activitiesIssuance of stockPayment on long-term note payablePayment for dividendsNet cash used by financing activitiesNet increase in cashCash at beginning of yearCash at end of year(a)tA22,000Free cash flow $(11,200 )(17,900 )(7,100 )39,200Compute free cash flow for Windsor, Inc.. (Enter negative amount using either a negative sign preceding the number e.g. -45 orparentheses e.g. (45).)12,700$51,900

FREE CASH FLOW Free cash flow means cash generated from operating activities after the payment of…

Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year (a) 22,000 Free cash flow $ (11,200 ) (17,900 ) (7,100 ) 39,200 12,700 $51,900 Compute free cash flow for Windsor, Inc.. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year (a) 22,000 Free cash flow $ (11,200 ) (17,900 ) (7,100 ) 39,200 12,700 $51,900 Compute free cash flow for Windsor, Inc.. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 7E

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