Exercise 12-06 Your answer is partially correct. Try again. The following information is available for Sheffield Corp. for the year ended December 31, 2020 Beginning cash balance 47,250 3,885 170,100 8,610 11,550 298,305 36,750 12,600 4,935 303,450 27,300 210,000 Accounts payable decrease Accounts receivable increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Shefield corpmdirect nethod Statement of Cash Cash Flows from Operating Activities 298,305 Net Income Adjustments to reconcile net income to Net Decrease in Cash 170100 Depreciation Expense Purchase of Treasury Stock Decrease in Accounts Payable 3885 Increase in Accounts Receivable 8610 11550 Increase in Inventory 4935 Net Cash used by Operating Activities 449295 Cash Flows from Investing Activities Cash Flows from Investing Activities Sale of Land 36750 Purchase of Building 303450 Net Cash used by Financing Activities 266700 Cash Flows from Financing Activities Payment of Dividend 12600 Purchase of Treasury Stock 27300 Issuance of Bonds 210000 170100 Net Cash Provided by Financing Activities Cash Flows from Operating Activities