2021 2020 $19,275 $8,850 Cash Buildings 850,500 742,000 Equipment 404,000 350,600 102,000 Land 57,750 Accumulated depreciation-buildings 308,500 295,250 Accumulated depreciation-equipment 132,000 98,750 Dividends payable 3,050 6,600 Mortgage payable 547,800 587,800 Notes payable 343,500 312,500 Common shares: 5,470 shares in 2021; 4,070 in 2020 542,500 413,500 Retained earnings 208,000 109,000 Cash dividends declared 28,500 12,800 Depreciation expense-buildings 26,250 40,350 Depreciation expense-equipment 47,855 26,000 Gain on sale of equipment 970 Loss on sale of building 10,900 Interest expense 44,850 48,950 Additional information: Purchased $78,500 of equipment for $11,400 cash and a note payable for the remainder. 1. 2. Equipment was also sold during the year. Sold a building that originally cost $53,500. 3. Used cash to purchase land and a building 4. Mortgage payments and notes payable payments included interest and principal amounts. 5. 6. Common shares were issued for cash. Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) SHERIDAN INC. Cash Flow Statement (Partial) $ $