Sheridan Ltd. is a private company reporting under ASPE. Its income statement and changes in current assets and current liabilities for the year are reported below: SHERIDAN LTD. Income Statement Year Ended December 31, 2021 $274,920 142,100 132,820 $89,900 14,500 (2,900 ) 101,500 31,320 8,700 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Gain on sale of equipment Profit before income tax Income tax expense Profit Changes in current assets and current liabilities were as follows: Accounts receivable Inventory Prepaid expenses Accounts payable Dividends payable Income taxes payable $22,620 $10,440 decrease 5,510 increase increase 580 3,480 1,450 decrease decrease 1,160 decrease Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHERIDAN LTD. Cash Flow Statement (Partial) Year Ended December 31, 2021 Operating Activities Cash Receipts from Customers 285360 Cash Payments . For Income Taxes $ 9860 To Suppliers 151090 For Operating Expenses 91930 Net Cash Provided by Operating 9 $