The following information is available for Windsor, Inc. for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 13,200 3,135 22,550 2,640 1,705 31,460 57,200 20,900 2,145 44,550 36,300 88,000 Windsor, Inc. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 | Cash Flows from Operating Activities - Net Income 31460 Adjustments to reconcile net income to Net Cash used by Operating Activities Depreciation Expense $ 22550 Decrease in Accounts Receivable 4 2640 Decrease in Inventory 1705 Increase in Accounts Payable 3135 Increase in Income Taxes Payable -2145 59345 Net Cash Provided by Operating Activities Cash Flows from Financing Activities Cash Flows from Financing Activities Purchase of Land Net Income Net Cash Provided by Financing Activities Cash Flows from Financing Activities Issuance of Stock Redemption of Bonds Payment of Dividend Net Cash Provided by Financing Activities | Net Increase in Cash Cash at Beginning of Period Cash at End of Period