S Weygandt, Financial and Managerial, 3e Help | System Announcements Exercise 12-10 a-b (Part Level Submission) Sheffield Corp.'s comparative balance sheets are presented below: Sheffield Corp. Comparative Balance Sheets December 31 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total Accounts payable Bonds payable Common stock Retained earnings Total Additional information: 2020 2019 $ 16,700 $ 17,300 25,100 22,300 20,050 15,750 60,250 69,850 (13,750) (10,300) $108,350 $114,900 $ 14,650 $ 11,050 10,800 30,100 49,800 44,500 33,100 29,250 $108,350 $114,900 1. Net income was $18,450. Dividends declared and paid were $14,600. 2. Equipment which cost $9,600 and had accumulated depreciation of $1,700 was sold for 3. No noncash investing and financing activities occurred during 2020. (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts tha Sheffield Corp. Statement of Cash Flows to search O HD