The following information is available for Windsor Corporation for the year ended December 31, 2022. Beginning cash balance $40,000
Accounts payable decrease 3,300
Depreciation expense 82,000
Accounts receivable increase 9,200
Inventory increase 12,300
Net income 337,500
Cash received for sale of land at book value 40,000
Sales revenue 740,500
Cash dividends paid 10,100
Income tax payable increase 4,900
Cash used to purchase building 149,500
Cash used to purchase treasury stock 37,000
Cash received from issuing bonds 225,000

                    Windsor Corporation Statement of Cashflows For

                                   Year Ended December 31, 2022

Cashflow from Operating Activities:

Net Income                                                                                          $337,500

Adjustments to reconcile net income to

Net Cashflow from Operating Activities:

Add: Depreciation                                                       82,000

Less: Accounts Payable decrease                             (3,300)

         Accounts Receivable increase                         (9,200)

         Inventory increase                                             (12,300)

Add:  Income tax payable increase                            4,900

                                                                                                             $62,100

Net cashflow: Operating Activities                                                  $399,600

Cashflow from Investing activities:

Add: Sale of Land                                                      40,000

Less: Purchase of Building                                       (149,500)

Net cashflow: Investing activities                                                   ($109,500)

Cashflow from Financing activities:

Less: Cash dividends paid                                       (10,100)

         Purchase of treasury stock                            (37,000)

Add : Bond issuance                                               225,000

Net cashflow: Financing activities                                                   $177,900

Total Cashflow increase (decrease)                                                $468,000

Beginning Cash balance                                                                 $40,000

Ending Cash balance                                                                        $508,000