Exercise 12-5 The following information is available for Sheffield Corp. for the year ended December 31, 2017 $47,250 3,885 170,100 8,610 11,550 298,305 36,750 12,600 4,935 303,450 27,300 210,000 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory 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).) Sheffield Corp. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to