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In: Accounting

Following are selected balance sheet accounts of Windsor Bros. Corp. at December 31, 2020 and 2019,...

Following are selected balance sheet accounts of Windsor Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information.

Selected balance sheet accounts
Assets

2020

2019

Increase
(Decrease)

Accounts receivable

$34,100 $23,900 $10,200

Property, plant, and equipment

276,600 247,300 29,300

Accumulated depreciation—plant assets

(179,700 ) (165,400 ) (14,300 )
Liabilities and stockholders’ equity

2020

2019

Increase

Bonds payable

$ 48,800 $46,200 $2,600

Dividends payable

7,900 4,900 3,000

Common stock, $1 par

21,800 19,000 2,800

Additional paid-in capital

8,900 2,900 6,000

Retained earnings

103,500 90,400 13,100
Selected income statement information for the year ended December 31, 2020:

Sales revenue

$156,600

Depreciation

38,300

Gain on sale of equipment

14,700

Net income

31,000


Additional information:

1. During 2020, equipment costing $44,500 was sold for cash.
2. Accounts receivable relate to sales of merchandise.
3. During 2020, $20,100 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium.


Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items.

Activity

(a)

Payments for purchase of property, plant, and equipment.

select a kind of activity                                                          FinancingInvestingOperating

$enter a dollar amount

(b)

Proceeds from the sale of equipment.

select a kind of activity                                                          FinancingInvestingOperating

$enter a dollar amount

(c)

Cash dividends paid.

select a kind of activity                                                          FinancingInvestingOperating

$enter a dollar amount

(d)

Redemption of bonds payable.

select a kind of activity                                                          FinancingInvestingOperating

$enter a dollar amount

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