SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2022 1. Depreciation expense was $16,200. 2. Dividends declared and paid were $21,140. 3. During the year, equipment was sold for $7,600 cash. This equipment originally cost $17, , 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. ipment originally cost $17,700 and had accumulated depreciation of $10,100 at the time of sale SHERIDAN COMPANY Statement of Cash Flows $ Adjustments to reconcile net income to $