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Current Attempt in Progress The following are comparative balance sheets for Sheridan Company. Additional information: 1. Net income for 2022 was $104,100. 2. Depreciation expense
Current Attempt in Progress The following are comparative balance sheets for Sheridan Company. Additional information: 1. Net income for 2022 was $104,100. 2. Depreciation expense was $32,100. 3. Cash dividends of $44,400 were declared and paid. 4. Bonds payable with a carrying value of $51,600 were redeemed for $51,600 cash. 5. Common stock was issued at par for $44,300 cash. 6. No equipment was sold durine 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cosh flow with either a - sign eg. Question 4 of 4 /1
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