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The following information is available forWindsorCorporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier$28,000Acquisition of equipment for

The following information is available forWindsorCorporation for the year ended December 31, 2022:

Collection of principal on long-term loan to a supplier$28,000Acquisition of equipment for cash14,000Proceeds from the sale of long-term investment at book value22,200Issuance of common stock for cash21,500Depreciation expense26,700Redemption of bonds payable at carrying (book) value36,700Payment of cash dividends7,500Net income37,600Purchase of land by issuing bonds payable42,300

In addition, the following information is available from the comparative balance sheet forWindsorat the end of 2022 and 2021:

20222021Cash$158,600$92,500Accounts receivable (net)28,00016,000Prepaid insurance18,20013,500Total current assets$204,800$122,000Accounts payable$30,100$24,100Salaries and wages payable6,3007,300Total current liabilities$36,400$31,400

PrepareWindsor's 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).)

WINDSORCORPORATION

Statement of Cash Flows

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