--/1 Question 5 View Policies Current Attempt in Progress Sheridan Corporation reported the following information (in thousands) at December 31, 2018: 2018 $ 15 220 Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings 2017 $ 5 220 295 500 620 800 420 540 Additional information: 1. The bank loan was increased by additional borrowings of $330 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments. 2. Common shares were issued during the year. None were reacquired. 3. Dividends were paid during the year. 4. Net income for the year was $500. Prepare the financing activities section of Sheridan's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Prepare the financing activities section of Sheridan 's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHERIDAN CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2018 Financing activities Repayment of bank loan payable A ta -125 Issue of common shares 200 Payment of cash dividends Net cash used by financing activities - Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $700 by paying $370 cash and issuing a $ bank loan payable