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Presented below is a condensed version of the comparative balance sheets for Windsor Corporation for the last two years at December 31. 2017 2016 Cash

Presented below is a condensed version of the comparative balance sheets for Windsor Corporation for the last two years at December 31.

2017

2016

Cash $ 309,750 $ 136,500
Accounts receivable 315,000 323,750
Investments 91,000 129,500
Equipment 521,500 420,000
Accumulated Depreciation-Equipment (185,500 ) (155,750 )
Current liabilities 234,500 264,250
Common stock 280,000 280,000
Retained earnings 537,250 309,750

Additional information: Investments were sold at a loss of $17,500; no equipment was sold; cash dividends paid were $52,500; and net income was $280,000.

Prepare a statement of cash flows for 2017 for Windsor Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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