Sheridan Company Comparative Balance Sheets December 31 2019 2018 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $ 14,400 10,000 23,000 25,900 70,300 20,800 19,800 70,300 (14,700) (10,600) $110,600 $118,600 Total Accounts payable Common stock Retained earnings $12,200 27,600 71,000 20,000 $110,600 $118,600 75,600 22,800 Total Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,800. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,800. Your answer is partially correct. Try again. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).) Decrease in Accounts Receivable- Decrease in Accounts Payable 7800 15400 Net Cash Provided by Operating Activities 14800 Cash Flows from Investing Activities Sale of Land Net Cash Provided by Operating Activities Payment of Dividends 15200 Net Cash Used by Financing Activities