Presented here are the financial statements of Sheridan Company. Assets Cash Accounts receivable Total Inventory Property, plant, and equipment Accumulated depreciation SHERIDAN COMPANY Comparative Balance Sheets December 31 Common stock Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Retained earnings A Total 2022 $37,900 32,100 31,000 59,500 (29,900) $130,600 $28,400 7,300 27,400 18,200 49,300 $130,600 2021 $20,200 19,600 20,400 77,800 (23,800) $114,200 $ 16,800 8,400 32,500 14,900 41,600 $114,200

part a - b in the picture

Compute frec cash flow. (Enter negative amount using either a negative sign preceding the number es, -45 or parentheses es. (45)) Free Cash Flow Additionaldata: 1. Depreciation expense was $15,800. 2. Dividends dectared and paid were $24,780. 3. During the vear, equipment was sold for $8,600 cash. 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. Commonstock was issued at par for cash. For Income Taxes Payment of Dividends Sale of Equipment To Suppliers Redemption of Common Stock Issuance of Common Stock Increase in Accounts Payable For Operating Expenses Decrease in Accounts Payable Increase in Accounts Recelvable Redemption of Bonds Decrease in Income Taxes Payable Sale of Bonds For Interest Depreciation Expense Issuance of Bonds Decrease in Inventory Decrease in Accounts Recelvable Net Income Increase in Income Taxes Payable Increase in Inventory Purchase of Equipment Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign es 15,000 Aolin nomentherel. Presented here are the financial statements of Sheridan Company. Increase in Accounts Payable Increase in Income Taxes Payable Redemption of Bonds Increase in Inventory Increase in Accounts Receivable Redemption of Common Stock Decrease in Inventory Decrease in Accounts Payable Purchase of Equipment Depreciation Expense Issuance of Common Stock To Suppliers For Operating Expenses Sale of Bonds Payment of Dividends Sale of Equipment Net Income Decrease in Accounts Recelvable For Interest For Income Taxes Issuance of Bonds Decrease in Income Taxes Payable Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash