Business, 24.02.2020 17:11, churchlady114p2met3

Windsor Corporation had the following 2020 income statement. Sales revenue $213,000 Cost of goods sold 119,000 Gross profit 94,000 Operating expenses (includes depreciation of $19,000) 49,000 Net income $45,000 The following accounts increased during 2020: Accounts Receivable $10,000, Inventory $10,000, and Accounts Payable $13,000. Prepare the cash flows from operating activities section of Windsor’s 2020 statement of cash flows using the direct method.

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Windsor Corporation had the following 2020 income statement. Sales revenue $213,000 Cost of goods so...