Sheridan Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income $59,590 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $ 9,191 Decrease in accounts receivable 9,595 Increase in inventory (5,050) Decrease in accounts payable (2,222) Loss on disposal of plant assets 3,333 14,847 Net cash provided by operating activities 74,437 Cash flows from investing activities Sale of investments 3,131 Purchase of equipment (24,442) Net cash used by investing activities (21,311) Cash flows from financing activities Issuance of stock 20,200 Payment on long-term note payable (10,100) Payment for dividends (13,130) Net cash used by financing activities (3,030) Net Increase in cash 50,096 Cash at beginning of year 13,130 Cash at end of year $63,226 (a) Compute free cash flow for Sheridan Company (Show a negative free cash flow with either a signe.g.-15,000 or in parenthesis e.g. (15,000).) Free cash flow for Sheridan Company $