Exercise 12-08 a-b (Part Level Submission) Sheridan Company's comparative balance sheets are presented below Sheridan Company Comparative Balance Sheets 2018 2019 Cash Accounts receivable Land Buildings Accumulated 14,400 10,000 23,000 25,900 0,300 20,800 19,800 70,300 (14,700) (10,600) buildings Total $110,600 $118,600 Accounts payable Common stock Retained earnings $12,200 27,600 71,000 20,000 $110,600 $118,600 75,600 22,800 Total Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,800. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,800 Prepare a statement of cash flows for 2020 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).) Sheridan Company Statement of Cash Flows Adjustments to reconcile net income to