Problem 12-07A Presented below are the financial statements of Windsor Company. 2021 Windsor Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 59,500 Accounts receivable 34,000 Inventory 47,600 Property, plant, and equipment 102,000 Accumulated depreciation (54,400 ) Total $188,700 $ 34,000 23,800 34,000 132,600 (40,800 ) $183,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 32,300 11,900 28,900 30,600 85,000 $188,700 $ 25,500 13,600 56,100 23,800 64,600 $183,600 Total Windsor Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses $30,600 Administrative expenses 10,200 Income from operations $411,400 297,500 113,900 40,800 73,100 5,100 Interest expense Income before income taxes 68,000 13,600 Income tax expense Net income $ 54,400 Additional data: 1. Depreciation expense was $29,750. 2. Dividends declared and paid were $34,000. 3. During the year equipment was sold for $14,450 cash. This equipment cost $30,600 originally and had accumulated depreciation of $16,150 at the time of sale. 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 Company Statement of Cash Flows Adjustments to reconcile net income to