The comparative balance sheets for Windsor, Inc. as of December 31 are presented below.

Windsor, Inc. Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 63,920			$ 42,300
Accounts receivable		47,000			54,520
Inventory		142,363			133,480
Prepaid expenses		14,363			19,740
Land		136,300			122,200
Buildings		188,000			188,000
Accumulated depreciationbuildings		(56,400	)		(37,600	)
Equipment		211,500			145,700
Accumulated depreciationequipment		(42,300	)		(32,900	)
Total		$704,746			$635,440
Liabilities and Stockholders Equity
Accounts payable		$ 42,046			$ 33,840
Bonds payable		282,000			282,000
Common stock, $1 par		188,000			150,400
Retained earnings		192,700			169,200
Total		$704,746			$635,440

Additional information:

1.		Operating expenses include depreciation expense of $39,480 ($18,800 of depreciation expense for buildings and $20,680 for equipment).
2.		Land was sold for cash at book value.
3.		Cash dividends of $11,280 were paid.
4.		Net income for 2022 was $34,780.
5.		Equipment was purchased for $86,480 cash. In addition, equipment costing $20,680 with a book value of $9,400 was sold for $7,520 cash.
6.		37,600 shares of $1 par value common stock were issued in exchange for land with a fair value of $37,600.

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 e.g. -15,000 or in parenthesis e.g. (15,000).)

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 e.g. -15,000 or in parenthesis e.g. (15,000).) Windsor, Inc. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 34,780 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Loss on Disposal of Plant Assets $ $