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Sheridan Enterprises engaged in the following activities during the year: - Purchased 100 shares of Monk Industries for $45,000 - Sold 50 shares of Hinson

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Sheridan Enterprises engaged in the following activities during the year: - Purchased 100 shares of Monk Industries for $45,000 - Sold 50 shares of Hinson Healthcare for $7,000 - Purchased new equipment costing $76,000 for $18,000 cash and a $58,000 note payable - Sold equipment with a book value of $54,000 for $50,000 Prepare the cash flows provided by investing activities section of Sheridan Enterprises statement of cash flows. (Show amounts that decrease cash flow with either a-sign, es. 15,000 or in parentheses, eg. (15,000).) Prepare the cash flows provided by investing activities section of Sheridan Enterprises statement of cash flows. (Show amounts that decrease cash flow with either a - sign, eg - 15,000 or in parentheses, eg. (15,000).)

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