Please make sure your answers are right, and it would be very helpful if you could use excel for me to understand better, also please make sure every field is answered for the sample answer sheet provided. Thanks!!

Question 1 Here are comparative balance sheets for Windsor, Inc.. Windsor, Inc. Comparative Balance Sheets December 31 2019 Assets 2020 Cash $73,200 33,400 Accounts receivable 86,000 71,500 Inventory 170,500 186,600 Land 72,800 100,900 Equipment 259,100 199,300 (65,600) (34,400) Accumulated depreciation-equipment $596,000 $557,300 Total Liabilities and Stockholders' Equity Accounts payable 35,000 $47,100 Bonds payable 150,800 203,600 Common stock ($1 par) 214,100 176,000 Retained earnings 196,100 130,600 $596,000 $557,300 Total Additional information: 1. Net income for 2020 was $104,900. 2. Cash dividends of $39,400 were declared and paid. 3. Bonds payable amounting to $52,800 were redeemed for cash $52,800 4. Common stock was issued for $38,100 cash 5. No equipment was sold during 2020, but land was sold at cost Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,0o0, or in parenthesis e.g. (15,000).) Prepare a statement of cash flows for 2020 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