Current Attempt in Progress The comparative balance sheets for Windsor Corporation appear below WINDSOR CORPORATION Comparative Balance Sheet Assets 2022 2021 Cash $44,400 $34,200 Accounts receivable (net) 88,500 61.000 Prepaid insurance 24,200 18,700 Land 17,000 50,500 Equipment 73,000 67,000 Accumulated depreciation (17,400) (14,200) Total assets $229,700 $217,200 Liabilities and Stockholder's Equity Accounts payable $23,500 $6.600 Bonds payable 25,100 15,900 Common stock 144,000 119,00 Retained earnings 37,100 75,700 Total liabilities and stockholder's equity $229,700 $217,200 Additional information: 1 Net loss for 2022 is $12,000. Net sales for 2022 are $270,000. 2. Cash dividends of $22.900 were declared and paid in 2022. 3. Land was sold for cash at a loss of $2,800. This was the only land transaction during the year. 4. Equipment with a cost of $19.600 and accumulated depreciation of $10.100 was sold for $5,200 cash. 5. $14,700 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $29,000. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg (15,000). Do not leave any answer field blank. Enter O for amounts.) Question 4 of 10 Adjustments to reconcile net income to WINDSOR CORPORATION Statement of Cash Flows -/25 1