Windsor, Inc. had the following transactions during 2022: 1. Issued $215000 of par value common stock for cash. 2. Recorded and paid wages expense of $103200. 3. Acquired land by issuing common stock of par value $86000. 4. Declared and paid a cash dividend of $17200. 5. Sold a long-term investment (cost $5160) for cash of $5160. 6. Recorded cash sales of $688000. 7. Bought inventory for cash of $275200. 8. Acquired an investment in Zynga stock for cash of $36120. 9. Converted bonds payable to common stock in the amount of $860000. 10. Repaid a 6-year note payable in the amount of $378400. What is the net cash provided by operating activities? $524600. $498800. $412800. $309600.

Cornerstones of Financial Accounting
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
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Windsor, Inc. had the following transactions during 2022:
1. Issued $215000 of par value common stock for cash.
2. Recorded and paid wages expense of $103200.
3. Acquired land by issuing common stock of par value $86000.
4. Declared and paid a cash dividend of $17200.
5. Sold a long-term investment (cost $5160) for cash of $5160.
6. Recorded cash sales of $688000.
7. Bought inventory for cash of $275200.
8. Acquired an investment in Zynga stock for cash of $36120.
9. Converted bonds payable to common stock in the amount of $860000.
10. Repaid a 6-year note payable in the amount of $378400.

What is the net cash provided by operating activities?

$524600.

$498800.

$412800.

$309600.

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