The comparative balance sheets for Sheridan Company as of December 31 are as follows. SHERIDAN COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $58,900 $48,600 Accounts receivable 43,200 64,200 Inventory 148,100 142,500 Prepaid expenses 15,000 25,500 Land 149,600 136,100 Buildings 198,900 198,900 Accumulated depreciation-buildings (59,400) (33,500) Equipment 231,100 157,600 Accumulated depreciation-equipment (44,400) (37,800) Total $741,000 $702,100 Liabilities and Stockholders' Equity Accounts payable $46,200 $39,300 Bonds payable 260,000 260,000 Common stock, $1 par 192,900 159,400 Retained earnings 241,900 243,400 Total $741,000 $702,100 Additional information: 1. Operating expenses include depreciation expense of $42,000 ($25,900 of depreciation expense for buildings and $16,100 for equipment). 2. Land was sold for cash at book value. 3. Cash dividends of $46,400 were declared and paid. 4. Net income for 2022 was $44,900. 5. Equipment was purchased for $95,500 cash. In addition, equipment costing $22,000 with a book value of $12,500 was sold for $5,700 cash. 6. 33,500 shares of $1 par value common stock were issued in exchange for land with a fair value of $33,500. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHERIDAN COMPANY Statement of Cash Flows Adjustments to reconcile net income to $ " $ LA