Presenied here are the trancial statements of Sheritan Compary 1 Depreciation expense was $15,800 2. Dividends declared and paid were $24,780 3 During the year, equipment was sold for $8,600cash. This equipment originally cost $18,300 and had accumulated depreciation of $9,700 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the followine 1 Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the seling expense category 4. Ali sales and inventory purchases are on account. Prepare a statement of cash flows for Sheridan Company using the direct method. (Show amounts thot decrease cash flow with either a-sign es 15,000 or in parenthesis es. (15,000) ) Compute free cash flow. (Enter negatlve amount using either a negative sign preceding the number eg. -45 or parentheses es. (45).) Freecash flow