Sheridan Inc. Comparative Balance Sheet As of December 31,2025 and 2024 Cash Accounts receivable Short-term debt investments (available-for-sale) 34,90018,100 Inventory Prepaid rent Equipment Accumulated depreciation-equipment Copyrights Total assets Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, $10 par Paid-in capital, common stock Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2025 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year: 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2025 . Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule) (Show amounts in the imvesting and financins sections that decrease cash flow with either a - sign es. - 15.000 or in porenthesis es. (15.000). Purchase of Investments Sale of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Dividend Payments Principal Payment on Short-Term Loan Principal Payment on Long-Term Loan Net Cash Used by Financing Activities Net Decrease in Cash Cash January 1,2025 Cash, December 31, 2025