Selected information from Sheridan Ltd's statement of financial position and statement of income is as follows: SHERIDAN LTD. Statement of Financial Position (partial) December 31 Current assets Accounts receivable Inventory Prepaid expenses Current liabilities Accounts payable Income tax payable Property tax payable Bank loan payable-current portion 2021 $7,800 7,000 3,800 3,800 1,500 2,600 5,300 2020 $11,800 4,100 1,800 2,700 500 1,300 8,000

Selected information from Sheridan Ltd's statement of financial position and statement of income is as follows: Additional information: 1. The bank loan was received in the past to finance the purchase of equipment. 2. Operating expenses included depreciation expense of $11,800 and a loss of $5,200 on the disposal of equipment. 1. The bank loan was received in the past to finance the purchase of equipment: 2. Operating expenses included depreciation expense of $11.800 and a loss of $5.200 on the disposal of equipment. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either a - sign es. 15,000 or in parenthesis e.s. (15.000) )