Sheridan Company reported the following information for 2022. Sheridan Company Comparative Balance Sheets December 31 2021 $54,000 33,000 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation--equipment Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock (51 par) Retained earnings Totals 2022 $88,500 93.000 66,000 9,000 82,500 300,000 (31,500) 274,500 (42,000) $840,000 6,000 105,000 300,000 (21,000) 102,000 (15,000) $564,000 Change Increase/Decrease $34,500 Increase 60,000 Increase 66,000 Increase 3,000 Increase 22,500 Decrease -0- 10,500 Increase 172.500 Increase 27,000 Increase $64,500 0 150.000 345,000 280,500 $840,000 $60,000 15.000 225,000 90.000 174.000 $564,000 $4,500 Increase 15,000 Decrease 75,000 Decrease 255,000 Increase 106,500 Increase Sheridan Company Income Statement For the Year Ended December 31, 2022 Sales revenue $1.411,500 Cost of goods sold $712.500 Operating expenses 346,500 Interest expense 18.000 Loss on disposal of equipment 3,000 1080,000 tecome before income taxes 331,500 Income tax expense 97,500 Net income $234.000 Additional information 1 Operating expenses include depreciation expense of $60.000 Land was sold at its book value for cash. Cash dividends of $127.500 were declared and bald in 2022 4 Cuiment with a cost of $249.000 was purchased for cash Equipment with a cost of 576,500 and a book value of $54.000 was sold for $51.000 cal Hands of $75.000 were redeemed at the value for cash Common stock 151 par of $255,000 was issued for cash Use this information to prepare a statement of cash flows using the indirect method Show amounts that deco chtowwe 0--15.000 or in parenthesis es 15.000) Sheridan Company Statement of Cash Flows-indirect Method tments to recondition 3 2 C 5 5 5