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SHERTDAN COMPANY Comparative Balance Sheets December 31 1. Depreciation expense was $15,800. 2. Dividends declared and paid were $24.780. 4. Bonds were redeemed at their carrying valie. 5. Cammonstock was issued at par for cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - SHERIDAN COMPANY Statement of Cash Flows Adjustments to reconcile net income to $ Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg. 45 or parentheses eg. (45 FreeCashFlow