Exercise 12-3 Sheridan Company reported net income of $178,690 for 2017. Sheridan Company also reported depreciation expense of $32,350 and a loss of $4,690 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,240 for the year, a $15,590 increase in accounts payable, and a $4,050 increase in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2017. Use 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 Partial Statement of Cash Flows Adjustments to reconcile net income to