Prepare a statement of cash flows using the Indirect Method. The book is hard to understand.

Windsor, Inc. reported the following information for 2017. Windsor, Inc. Comparative Balance Sheets December 31 Change Increase/Decrease Assets 2017 2016 Cash $36,090 $35,430 Increase $71,520 61,620 Accounts receivable 21,880 39,740 Increase Inventory 43,590 -O- 43,590 Increase Prepaid expenses 6,000 3,970 2,030 Increase Land 55,410 69,500 14,090 Decrease Buildings 198,460 198,460 -O- Accumulated depreciation-buildings (21,195) (14,130) 7,065 Increase Equipment 181,930 68,220 113,710 Increase Accumulated depreciation equipment (27,795 ) (10,000 ) 17,795 Increase Totals $569,540 $373,990 Liabilities and Stockholders' Equity Accounts payable $42,720 $40,400 $2,320 Increase Accrued expenses payable 0 9,960 9,960 Decrease Bonds payable 100,600 150,970 50,370 Decrease Common stock ($1 par) 228,430 197,790 60,050 112,610 168,380 Increase 85,180 Increase Retained earnings Totals $569,540 $373,990 Windsor, Inc. Income Statement For the Year Ended December 31, 2017 Sales revenue $950,360 Cost of goods sold $470,390 Operating expenses 229,730 Interest expense 12,120 Loss on disposal of equipment 1,980 714,220 Income before income taxes 236,140 Income tax expense 65,240 Net income $170,900 Additional information: 1. Operating expenses include depreciation expense of $39,880. 2. Land was sold at its book value for cash. 3. Cash dividends of $85,720 were declared and paid in 2017. 4. Equipment with a cost of $165,070 was purchased for cash. Equipment with a cost of $51,360 and a book value of $36,340 was sold for $34,360 cash. 5. Bonds of $50,370 were redeemed at their face value for cash. 6. Common stock ($1 par) of $168,380 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 eg. (15,000).)