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  3. sheridan company's comparative balance sheets are

Sheridan Company's comparative balance sheets are as follows. Additional information: 1. Net income was $18,250....

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Accounting

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Sheridan Company's comparative balance sheets are as follows. Additional information: 1. Net income was $18,250. Dividends declared and paid were $14,500. 2. Equipment which cost $10,100 and had accumulated depreciation of $1,700 was sold for $3,600 3. No noncash investing and financing activities occurred during 2022 . Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. 45,000, or in parenthesis e.g. (45,000).) Sheridan Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income S 18250 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Loss on disposal of Plant Assets $ Depreciation Expense Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activities

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