Sheridan Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sheridan Inc.s financial statements at year end:

		2021		2020
Cash		$ 18,450		$ 8,300
Buildings		834,000		731,000
Equipment		393,000		341,800
Land		91,000		49,500
Accumulated depreciationbuildings		303,000		287,000
Accumulated depreciationequipment		121,000		90,500
Dividends payable		6,050		2,500
Mortgage payable		543,400		583,400
Notes payable		338,000		307,000
Common shares: 5,360 shares in 2021; 3,960 in 2020		537,000		408,000
Retained earnings		197,000		98,000
Cash dividends declared		23,000		8,400
Depreciation expensebuildings		23,500		39,800
Depreciation expenseequipment		47,305		25,450
Gain on sale of equipment		860		0
Loss on sale of building		8,700		0
Interest expense		47,850		43,750

Additional information:
1.		Purchased $73,000 of equipment for $9,200 cash and a note payable for the remainder.
2.		Equipment was also sold during the year.
3.		Sold a building that originally cost $48,000.
4.		Used cash to purchase land and a building.
5.		Mortgage payments and notes payable payments included interest and principal amounts.
6.		Common shares were issued for cash.

Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SHERIDAN INC. Cash Flow Statement (Partial) December 31, 2021Year Ended December 31, 2021Month Ended December 31, 2021
Net Cash Used by Financing ActivitiesCash, December 31Net Cash Used by Operating ActivitiesNet Decrease in CashNet Cash Provided by Investing ActivitiesCash, January 1Operating ActivitiesNet Cash Provided by Operating ActivitiesInvesting ActivitiesNet Cash Used by Investing ActivitiesNet Increase in CashNet Cash Provided by Financing ActivitiesFinancing Activities
Sale of BuildingPurchase of EquipmentIssuance of Common SharesPurchase of LandPurchase of BuildingSale of LandRepurchase of Common SharesRepayment of Mortgage NotePayment of Cash DividendsSale of Equipment	$
Repayment of Mortgage NotePayment of Cash DividendsPurchase of LandSale of BuildingIssuance of Common SharesPurchase of BuildingSale of EquipmentPurchase of EquipmentRepurchase of Common SharesSale of Land
Payment of Cash DividendsSale of LandIssuance of Common SharesSale of EquipmentPurchase of EquipmentPurchase of BuildingRepayment of Mortgage NoteRepurchase of Common SharesSale of BuildingPurchase of Land
Purchase of EquipmentSale of BuildingPayment of Cash DividendsIssuance of Common SharesSale of EquipmentRepayment of Mortgage NoteSale of LandPurchase of LandRepurchase of Common SharesPurchase of Building
Repurchase of Common SharesPurchase of EquipmentIssuance of Common SharesSale of BuildingSale of EquipmentSale of LandPurchase of LandRepayment of Mortgage NotePurchase of BuildingPayment of Cash Dividends
Net Cash Used by Investing ActivitiesNet Increase in CashNet Cash Provided by Operating ActivitiesOperating ActivitiesFinancing ActivitiesInvesting ActivitiesNet Cash Used by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Decrease in CashNet Cash Provided by Financing ActivitiesCash, December 31Net Cash Used by Operating ActivitiesCash, January 1		$

What was the amount of profit reported by Sheridan Inc. in 2021?

Amount of profit

$

Determine the amount of any cash inflows or outflows related to financing activities in 2021. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SHERIDAN INC. Cash Flow Statement (Partial) Year Ended December 31, 2021December 31, 2021Month Ended December 31, 2021
Net Decrease in CashOperating ActivitiesNet Increase in CashNet Cash Used by Financing ActivitiesCash, December 31Net Cash Used by Operating ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Used by Investing ActivitiesFinancing ActivitiesInvesting ActivitiesCash, January 1
Purchase of EquipmentPurchase of LandIssuance of Common SharesSale of LandRepayment of NoteRepurchase of Common SharesRepayment of MortgageSale of BuildingPayment of Cash DividendsPurchase of BuildingSale of Equipment	$
Issuance of Common SharesSale of BuildingSale of LandPurchase of LandSale of EquipmentRepayment of NotePayment of Cash DividendsRepurchase of Common SharesPurchase of EquipmentRepayment of MortgagePurchase of Building
Repayment of MortgagePurchase of BuildingPurchase of EquipmentIssuance of Common SharesRepurchase of Common SharesPurchase of LandPayment of Cash DividendsSale of LandRepayment of NoteSale of EquipmentSale of Building
Purchase of EquipmentSale of EquipmentIssuance of Common SharesSale of BuildingPurchase of LandRepayment of MortgagePurchase of BuildingSale of LandRepayment of NotePayment of Cash DividendsRepurchase of Common Shares
Net Increase in CashNet Cash Used by Investing ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Operating ActivitiesCash, December 31Net Cash Provided by Financing ActivitiesInvesting ActivitiesCash, January 1Net Cash Provided by Operating ActivitiesNet Cash Provided by Investing ActivitiesNet Decrease in CashOperating ActivitiesFinancing Activities		$

Identify and determine the amount of any noncash financing activities in 2021.

Equipment costing $ was acquired by paying $ cash and issuing a note payable for