Answer Happy

Here are comparative statements of financial position for Windsor SE Syal SE Comparative Statements of Financial Position December 31 Assets 2020 Land €73,400 Equipment 260,900 Accumulated depreciation-equipment (66,000 1 Inventory 169,700 Accounts receivable 86,400 Cash 72,800 Total €597,200 Equity and Liabilities Share capital-ordinary (€1 par) €214,500 Retained earnings 198,500 Bonds payable 148,800 Accounts payable 35,400 2019 €101.400 199,500 (34,100) 187,400 70.700 32,900 €557.800 €174,800 132,300 203,700 47.000
-715 E 1 47,000 €557,800 Net income for 2020 was €101,600, Depreciation expense was €31,900. 3 Cash dividends of €35,400 were declared and paid. 4. Bonds payable amounting to €54,900 were redeemed for cash €54,900 5. Common stock was issued for €39.700 cash 6. No equipment was sold during 2020. 7. Land was sold for its book value of €28,000 Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-signes. -15,000, or in parenthesis eg. (15,000)) WINDSOR SE Statement of Cash Flows For the Year Ended December 31, 2020 YULJUDEU VEU Accounts payable Total Additional information: 1 2 35.400 €597,200 15:32
42°C Sunny For the Year Ended Decendier 31, 2020 Cash Flows from Opening Activities Net Income Adjustments to reconcile net income to Cash at Beginning of Perind Depreciation Expense Decrease in Accounts Receivable Increase in Inventory Redemption of Bonds Cash at End of Period Cash Flows from investing Activities a GI 31900 101/00 1832 03/06/2022
Question 6 of 6 Sale of Equipent Plechne of Equipment Net Canh Used by Operating Activitie Cash Flows from Financing Activities C /15 1 18:32 com