Windsor, Inc. Comparative Balance Sheets December 31
Assets		2022			2021			Change Increase/Decrease
Cash		$100,300			$61,200			$39,100	Increase
Accounts receivable		105,400			37,400			68,000	Increase
Inventory		74,800			0			74,800	Increase
Prepaid expenses		10,200			6,800			3,400	Increase
Land		93,500			119,000			25,500	Decrease
Buildings		340,000			340,000			0
Accumulated depreciationbuildings		(35,700	)		(23,800	)		11,900	Increase
Equipment		311,100			115,600			195,500	Increase
Accumulated depreciationequipment		(47,600	)		(17,000	)		30,600	Increase
Totals		$952,000			$639,200
Liabilities and Stockholders Equity
Accounts payable		$73,100			$68,000			$5,100	Increase
Accrued expenses payable		0			17,000			17,000	Decrease
Bonds payable		170,000			255,000			85,000	Decrease
Common stock ($1 par)		391,000			102,000			289,000	Increase
Retained earnings		317,900			197,200			120,700	Increase
Totals		$952,000			$639,200

Windsor, Inc. Income Statement For the Year Ended December 31, 2022
Sales revenue				$1,599,700
Cost of goods sold		$807,500
Operating expenses		392,700
Interest expense		20,400
Loss on disposal of equipment		3,400		1,224,000
Income before income taxes				375,700
Income tax expense				110,500
Net income				$265,200

Additional information:
1.		Operating expenses include depreciation expense of $68,000.
2.		Land was sold at its book value for cash.
3.		Cash dividends of $144,500 were declared and paid in 2022.
4.		Equipment with a cost of $282,200 was purchased for cash. Equipment with a cost of $86,700 and a book value of $61,200 was sold for $57,800 cash.
5.		Bonds of $85,000 were redeemed at their face value for cash.
6.		Common stock ($1 par) of $289,000 was issued for cash.

Use this information to prepare a statement of cash flows 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).)