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Sheridan Company's comparative balance sheets are as follows Additional information: 1. Net income was $18,250. Dividends declared and paid were $14,500. 2. Equipment which cost

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Sheridan Company's comparative balance sheets are as follows Additional information: 1. Net income was $18,250. Dividends declared and paid were $14,500. 2. Equipment which cost $10,100 and had accumulated depreciation of $1,700 was sold for $3,600. 3. No noncash investing and financing activities occurred during 2022. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e. 45,000, or in parenthesis e.s. (45,000) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Free cash flow

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