A comparative balance sheet for Windsor Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,820 83,440 Accounts receivable 181,440 72,440 $ 22,000 67,620 190,620 111,620 201,620 (43,620) $549,860 261,440 (70,440) $601,140 Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 35,440 150,000 214,000 201,700 $ 48,620 200,000 164,000 137,240 $549,860 $601,140 Additional information: 1. 2. Net income for 2020 was $127,880. No gains or losses were recorded in 2020. Cash dividends of $63,420 were declared and paid. Bonds payable amounting to $50,000 were retired through issuance of common stock. 3. Prepare a statement of cash flows for 2020 for Windsor Corporation. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) WINDSOR CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ $ Issued common stock to retire $ of bonds outstanding