Windsor Co. reported $134,600 of net income for 2017. The accountant, in preparing the statement of cash flows, noted the following items occurring during 2017 that might affect cash flows from operating activities. 1. Windsor purchased 100 shares of treasury stock at a cost of $20 per share. These shares were then resold at $25 per share. 2. Windsor sold 100 shares of IBM common at $220 per share. The acquisition cost of these shares was $130 per share. There were no unrealized gains or losses recorded on this investment in 2017 3. Windsor revised its estimate for bad debts. Before 2017, Windsor's bad debt expense was 1% of its net sales. In 2017, this percentage was increased to 2%. Net sales for 2017 were $492,200, and net accounts receivable decreased by 3,200 during 2017 4. Windsor issued 500 shares of its S10 par common stock for a patent. The market price of the shares on the date of the transaction was $23 per share. 5. Depreciation expense is $36,200. 6. Windsor Co. holds 40% of the Nirvana Company's common stock as a long-term investment. Nirvana Company reported S26,900 of net income for 2017, 7. Nirvana Company paid a total of $2,000 of cash dividends to all investees in 2017 8. Windsor declared a 10% stock dividend. One thousand shares of $10 par common stock were distributed. The market price at date of issuance was $20 per share