Business, 21.05.2021 04:30 quayakaty

Windsor, Corporation issued the following statement of cash flows for 2022. Windsor, Corporation Statement of Cash Flows—Indirect Method For the Year Ended December 31, 2022
Cash flows from operating activities
Net income $58,800
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense $8,800
Decrease in accounts receivable 10,500
Increase in inventory (4,800)
Decrease in accounts payable (2,000)
Loss on disposal of plant assets 3,600 16,100
Net cash provided by operating activities 74,900
Cash flows from investing activities
Sale of investments 3,200
Purchase of equipment (24,300)
Net cash used by investing activities (21,100)
Cash flows from financing activities
Issuance of common stock 19,600
Payment on long-term note payable (10,200)
Payment of cash dividends (12,800)
Net cash used by financing activities (3,400)
Net increase in cash 50,400
Cash at beginning of year 14,300
Cash at end of year $64,700

Required:
Compute free cash flow for Windsor, Corporation.

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Windsor, Corporation issued the following statement of cash flows for 2022. Windsor, Corporation St...

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