Exercise 12-08 a-b (Part Level Submission) Sheridan Company's comparative balance sheets are presented below Sheridan Company Comparative Balance Sheets 2019 2018 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings 14,400 $ 10,000 23,000 25,900 70,300 (14,700)(10,600) 110,600 $118,600 20,800 19,800 70,300 Total 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 (b) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Free cash flow Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT