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Presented here are the financial statements of Sheridan Company. SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2022 Additional data: 1. Depreciation expense
Presented here are the financial statements of Sheridan Company. SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2022 Additional data: 1. Depreciation expense was $16,200. 2. Dividends declared and paid were $21,140. 3. During the year, equipment was sold for $7,600 cash. This equipment originally cost $17,700 and had accumulated depreciation of $10,100 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Free Cash Flow $
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