Condensed financial data of Windsor, Inc. follow. Windsor, Inc. Comparative Balance Sheets December 31 Assets 2022 Cash $ 56,560 Accounts receivable 61,460 Inventory 78,750 Prepaid expenses 19,880 Long-term investments 96,600 Plant assets 199,500 Accumulated depreciation (35,000) Total $477,750 2021 $ 33,880 26,600 71,995 18,200 76,300 169,750 (36,400) $360,325 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $ 71,400 11,550 77,000 154,000 163,800 $477,750 $ 47,110 14,700 102,200 122,500 73,815 $360,325 $271,922 Windsor, Inc. Income Statement Data For the Year Ended December 31, 2022 Sales revenue Less: Cost of goods sold $94,822 Operating expenses, excluding depreciation 8,687 Depreciation expense 32,550 Income tax expense 19,096 Interest expense Loss on disposal of plant assets 5,250 Net income 3,311 163,716 $ 108,206 Additional information: 1. New plant assets costing $70,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $40,250 and accumulated depreciation of $33,950 were sold for $1,050 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $18,221 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 e.g. -15,000 or in parenthesis e.g. (15,000).) Windsor, Inc Statement of Cash Flows Adjustments to reconcile net income to