2 of 2 Current Attempt in Progress Condensed financial data of Windsor, Inc. follow. Windsor, Inc. Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2022 2021 $116.300 $48,400 92,700 33,400 Inventory Prepaid expenses 111,200 102,100 29,000 25.500 Long-term investments 140,900 113,300 Plant assets 275,000 241.100 Accumulated depreciation (46,800) (52,000) Total $718,300 $511,800 Liabilities and Stockholders' Equity Accounts payable $111,100 $67,800 Accrued expenses payable 16,500 17.500 Bonds payable 119.300 149,300 Common stock 219,900 174,600 Retained earnings 251,500 102,600 Total $718,300 $511,800 Windsor, Inc. Income Statement For the Year Ended December 31, 2022 Sales revenue Less: Cost of goods sold $391.300 $135,200 Operating expenses, excluding depreciation 11.500 Depreciation expense 31.300 Income tax expense 27,800 Interest expense 4,600 Loss on disposal of plant assets 7.500 Net Income 217.900 $173.400 -/1 E Additional information: 1 New plant assets costing $80.800 were purchased for cash during the year. 2 3. 4 Old plant assets having an original cost of $46,900 and accumulated depreciation of $36.500 were sold for $2.900 cash. Bonds payable matured and were paid off at face value for cash A cash dividend of $24,500 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign es-15,000 or in parenthesis eg. (15,000)) Question 2 of 2 Statement of Cash Flows For the Month Ended December 31, 2022 Net income Adjustments to reconcile net income to > > C -/1 E $