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Sheridan Company reported net income of $194,500 for 2022. Sheridan also reported depreciation...

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Accounting

Sheridan Company reported net income of $194,500 for 2022. Sheridan also reported depreciation expense of $47,500 and a loss of $6,200 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $18,200 for the year, a $20,200 increase in accounts payable, and a $5,000 increase in prepaid expenses.
Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g.(15,000).)
SHERIDAN COMPANY
Partial Statement of Cash Flows
Adjustments to reconcile net income to
$
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