Question: prepare statement of cash flows using indirect method and a condensed balance sheer for Windsor Inc Qu My Windsor Inc. had the following condensed balance


Qu My Windsor Inc. had the following condensed balance sheet at the end of operations for 2016. Vie 15 Cash WINDSOR INC. BALANCE SHEET DECEMBER 31, 2016 $8,300 Current liabilities 28,800 Long-term notes payable 19.500 Bonds payable $15,400 Qu Mult 26,100 Current assets other than cash Equity investments Plant assets (net) 25,000 12.200 Qu Mu 69,100 Common stock 39.900 Land Retained earnings 25.900 Qu M $165,600 $165,600 Qu During 2017, the following occurred. Qu During 2017, the following occurred. (a) (b) (c) Windsor Inc. sold part of its investment portfolio for $12,700. This transaction resulted in a gain of $5,200 for the company. No unrealized gains or losses were recorded on these investments in 2017. Dividends totaling $9,100 were paid to stockholders. Atract of land was purchased for $11,800. Net income was $34,400 after allowing depreciation of $13,300, Bonds payable in the amount of $10,800 were redeemed at par Land was purchased through the issuance of $22,600 in bonds. An additional $10,000 in common stock was issued at par. (d) (e) (0) (8) (h) Both current assets (other than cash) and current liabilities remained at the same amount. SSF Prepare the condensed balance sheet for Windsor Inc. as it would appear at December 31, 2017 WINDSOR INC. BALANCE SHEET Assets Equities $ SSF Sunny
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