Sheridan Ltd., which follows ASPE had the following comparative statement of financial position: Additional information: Net income for the fiscal year was $46,440. Equipment that cost $34,400 and was 70% depreciated was sold during 2024 , for a gain of $3,440. No patents were purchased or sold during the fiscal year. Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either asign es; parenthesis eg (15,000).) Increase in Accounts Payable. Decrease in Interest Payable Increase in Salaries and Wages Payable $ $ \( 5 \longdiv { 4 1 9 2 0 } \) Cash Flows from Financing Activities $ 10320 Cash Dividends Reparments Notes Payable Net Cashused by Finandine Nctivities Depreciation Expense $$1200 Patent Amortization Expense 17200 Gain on Disposal of Equipment 3440 Increase in Accounts Recervable 29240 Decrease in inventory 34400 Increase in Prepaid Insurance Increase in Accounts Payable Decrease in Interest Payable Increase in Salaries and Wapes Payable