Sheffield Company had the following information available at the end of 2017.

SHEFFIELDCOMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31, 2017 AND 2016
		2017			2016
Cash		$9,930			$4,010
Accounts receivable		20,450			12,910
Short-term investments		22,070			30,030
Inventory		42,300			35,310
Prepaid rent		3,020			12,090
Prepaid insurance		2,090			90
Supplies		1,010			75
Land		124,270			175,470
Buildings		353,500			353,500
Accumulated depreciationbuildings		(105,150	)		(87,890	)
Equipment		526,140			396,090
Accumulated depreciationequipment		(129,450	)		(111,310	)
Patents		45,390			49,550
Total assets		$915,570			$869,925
Accounts payable		$21,800			$32,080
Income taxes payable		5,020			3,970
Salaries and wages payable		4,950			3,000
Short-term notes payable		10,060			10,060
Long-term notes payable		60,060			69,370
Bonds payable		397,380			397,380
Premium on bonds payable		30,200			32,145
Common stock		239,140			221,530
Paid-in capital in excess of parcommon stock		24,850			17,400
Retained earnings		122,110			82,990
Total liabilities and stockholders equity		$915,570			$869,925

SHEFFIELD COMPANY INCOME STATEMENT AND DIVIDEND INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue					$1,157,060
Cost of goods sold					748,200
					408,860
Gross margin
Operating expenses
Selling expenses		$78,550
Administrative expenses		156,290
Depreciation/Amortization expense		39,560
Total operating expenses					274,400
Income from operations					134,460
Other revenues/expenses
Gain on sale of land		7,950
Gain on sale of short-term investment		3,980
Dividend revenue		2,380
Interest expense		(51,810	)		(37,500	)
Income before taxes					96,960
Income tax expense					39,460
Net income					57,500
Dividends to common stockholders					(18,380	)
To retained earnings					$39,120

Prepare a statement of cash flows for Sheffield Company using the direct method accompanied by a reconciliation schedule. Assume the short-term investments are debt securities, classified as available-for-sale.