SHERIDAN COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 30 Adjustments to reconcile net income to Net Cash Provided by Operating Activities - Depreciation Expense $ 16200 Increase in Accounts Receivable (13400) Increase in Inventory (10,100) Increase in Accounts Payable 11700 Decrease in Income Taxes Payable (1300) Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment 7600 Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock 3800 Redemption of Bonds (6400) Payment of Dividends (21140) Net Cash Used by Financing Activities (23 Net Increase in Cash 17 Cash at Beginning of Period 20 Cash at End of Period $ e Textbook and Media Attempts: 4 of 5 used (b) Your answer is incorrect. receding the number Compute free cash flow. (Enter negative amount using either e.g.-45 or parentheses e.g. (45).) Free Cash Flow $ e Textbook and Media Save for Later Attempts: 1 of 5 used Submit Answer SHERIDAN COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 30 Adjustments to reconcile net income to Net Cash Provided by Operating Activities - Depreciation Expense $ 16200 Increase in Accounts Receivable (13400) Increase in Inventory (10,100) Increase in Accounts Payable 11700 Decrease in Income Taxes Payable (1300) Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment 7600 Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock 3800 Redemption of Bonds (6400) Payment of Dividends (21140) Net Cash Used by Financing Activities (23 Net Increase in Cash 17 Cash at Beginning of Period 20 Cash at End of Period $ e Textbook and Media Attempts: 4 of 5 used (b) Your answer is incorrect. receding the number Compute free cash flow. (Enter negative amount using either e.g.-45 or parentheses e.g. (45).) Free Cash Flow $ e Textbook and Media Save for Later Attempts: 1 of 5 used Submit