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Indicate how each of the following transactions would affect Sheridan Ltd's statement of income, statement of financial position, and statement of cash flows. If there would be no effect, then state that. a. Sheridan sold a piece of equipment for $34,500. The equipment had originally cost $161,000 and had a carrying amount of $43,000 at the time it was sold. b. Sheridan purchased a new piece of equipment to replace the equipment that had been sold. The new equipment had a cost of $216,000. c. Sheridan recorded the annual depreciation on its equipment in the amount of $124,000. Statement of Income Statement of Financial Position a. b. c. $ $ $ Last saved 1 minate ago. Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Statement of Cash Flows $ $ $