1 Sheridan Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sheridan Inc's financial statements at year end: 2021 2020 Cash $ 18,450 $ 8,300 Buildings 834.000 393,000 Equipment 731,000 341,800 49.500 287,000 Land 91,000 303,000 121,000 90,500 Accumulated depreciation-buildings Accumulated depreciation-equipment Dividends payable Mortgage payable Notes payable 6,050 2.500 543,400 583,400 338,000 307.000 Common shares: 5,360 shares in 2021:3,960 in 2020 537.000 408.000 338,000 307,000 Notes payable Common shares: 5,360 shares in 2021; 3,960 in 2020 537,000 408,000 197,000 98,000 Retained earnings Cash dividends declared Depreciation expense-buildings 23,000 8,400 23,500 39,800 Depreciation expense-equipment 47,305 25,450 Gain on sale of equipment 860 Loss on sale of building 8.700 0 Interest expense 47,850 43,750 Additional information: 1. Purchased $73,000 of equipment for $9,200 cash and a note payable for the remainder. Additional information: 1. 2. 3. Purchased $73,000 of equipment for $9,200 cash and a note payable for the remainder. Equipment was also sold during the year. Sold a building that originally cost $48,000. Used cash to purchase land and a building. Mortgage payments and notes payable payments included interest and principal amounts. Common shares were issued for cash 4. 5. 6. Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use Taccounts to calculate the cash flows. (Show amounts that decrease cash flow with either a-sign e... -15,000 or in parenthesis es. (15,000).) SHERIDAN INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 Net Cash Provided by Financing Activities e Textbook and Media Save for Later Attempts: 0 of 3 used Submit