Current Attempt in Progress The comparative balance sheets for Windsor Company appear below. WINDSOR COMPANY Comparative Balance Sheet Assets Dec 31, 2021 Dec. 31, 2022 $63,500 Cash $ 18,500 16,000 15,000 28,500 17.300 7,600 9.700 Accounts receivable Inventory Prepaid insurance Stock investments Equipment Accumulated depreciation equipment Total assets -0- 17,200 67,000 (19.400) $ 163,200 33,500 ( 15.000) $ 96,200 $ 29,600 $ 8,000 39,400 47,800 Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity 40,300 22,300 53,900 18,100 $ 163,200 $ 96,200 Additional information: 1 2. Net income for the year ending December 31, 2022, was 548,000. Cash dividends of $ 11,100 were declared and paid during the year. Stock investments on balance sheet that had a book value of $ 16,100 were sold for $11.000 Sales for 2022 are $ 140,000. 3. 4. Prepare a statement of cash flows for the year ended December 31, 2022, using the Indirect method. (Show amounts that decrease cash flow with elther - signes -15,000 or in parenthesis es (15,000) WINDSOR CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income /(Loul 48.000 Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expenser Lons on Sale of Stock Investments Increase in Accounts Receivable Increase in inventory V Decrease in Prepaid Insurance 11 Increase in Accounts Payable Cash Flows from Operating Activities Cash Flows from investing Activities Sale of Stock Investments Purchase of Equipment Net Cash Used by investing Activities -124 in Decrease in Prepaid Insurance Increme in Accounts Payable v Cash Flows from Operating Activities V Cash Flows from Investing Activities Sale of Stock Investments Purchase of Equipment Net Cash Used by Investing Activities