Sheffield Company reported net income of $$172,780$ for $2025.$ Sheffield also reported depreciation expense of $$33,750$ and a loss of $$5,470$ on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $$14,400$ for the year, a $$15,400$ increase in accounts payable, and a $$3,680$ increase in prepaid expenses.

Prepare the operating activities section of the statement of cash flows for $2025.$ Use the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

SHEFFIELD COMPANY

Statement of Cash Flows $($Partial$)-$ Indirect Method

Adjustments to reconcile net income to