Presented here are the financial statements of Sheridan Company. Sheridan Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37,200 $19,800 Accounts receivable 33,000 18,700 Inventory 30,400 20,400 Property, plant, and equipment 59,300 78,000 Accumulated depreciation (29,300) (23,300) Total $130,600 $113,600 Liabilities and Stockholders' Equity Accounts payable $28,700 $16,000 Income taxes payable 7.300 8,300 Bonds payable 27,400 33,100 Common stock 18,200 14,300 Retained earnings 49,000 41.900 LUITITUIT SLULN 10, ZU 17,00 Retained earnings 49,000 41,900 Total $130,600 $113,600 Sheridan Company Income Statement For the Year Ended December 31, 2022 Sales revenue $242,900 Cost of goods sold 175,600 Gross profit 67,300 Selling expenses $18,600 Administrative expenses 6,200 24,800 Income from operations 42,500 4,000 Interest expense Income before income taxes Income tax expense 38,500 7,700 Net income $30,800 Additional data: 1. 2 Depreciation expense was $16, 100. Dividends declared and paid were $23,700. During the year equipment was sold for $8,600 cash. This equipment cost $18,700 originally and had accumulated depreciation of $10,100 at the time of sale. 3. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis es (15,000 Sheridan Company Statement of Cash Flows Adjustments to reconcile net income to Sheridan Company Statement of Cash Flows 4A Adjustments to reconcile net income to v $