The comparative balance sheets for Windsor, Inc. as of December 31 are presented below. Windsor, Ing Comparative walance Sheets December 31 Assets 2022 2021 Cash $ 63,920 $ 42,300 Accounts receivable 47,000 54,520 Inventory 142,363 133,480 19,740 Prepaid expenses 14,363 Land 136,300 122,200 Buildings 188,000 188,000 (56,400 ) (37,600) Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 211,500 145,700 (42,300 ) (32,900 1 Total $704,746 $635,440 $ 42,046 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, S1 par 282,000 188,000 $ 33,840 282,000 150,400 169,200 $635,440 Retained earnings 192,700 Total $704,746 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. 37,600 shares of $1 par value common stock were issued in exchange for land with a fair value of $37,600. 6. 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).)