Sheridan Ltd. reported the following for the fiscal year 2021: SHERIDAN LTD. Income Statement Year Ended September 30, 2021 Sales $577.000 Cost of goods sold 332,000 Gross profit 245,000 Operating expenses $ 103,000 Depreciation expense 28.000 Gain on sale of land (38,000) 93,000 Profit before income tax 152.000 Income tax expense 38.000 Profit $114.000 1. 2. Additional information: Accounts receivable decreased by $15,700 during the year. Inventory increased by $7,200 during the year. Prepaid expenses decreased by $5,200 during the year. Accounts payable to suppliers increased by $10,700 during the year. Accrued expenses payable increased by $4,700 during the year. Income tax payable decreased by $6,500 during the year. 3. 5. 6. Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-signe.g.-15,000 or in parenthesis e.g. (15,000).) SHERIDAN LTD. Cash Flow Statement (Partial)-Indirect Method $ Adjustments to reconcile profit to >