The comparative balance sheets for Sheridan Corporation show the folloving information. The comparative balance sheets for Sheridan Corporation show the folloving information.

Additional data related to $2025$ are as follows.

Equipment that had cost $$11,100$ and was $40\%$ depreciated at time of disposal was sold for $$2,500.$

$$10,000$ of the long$-$term note payable was pald by Issuing common stock.

Cash dividends paid were $$4,900.$

On January $1,2025,$ the bullding was completely destroyed by a flood. Insurance proceeds on the bullding were

$$30,200($net of $$2,100$ taxes$).$

Debt investments $($avallable$-$for$-$sale$)$ were sold at $$1,800$ above thelr cost. The company has made similar sales

and Investments in the past.

Cash was paid for the acquisition of equipment.

A long$-$term note for $$16,000$ was issued for the acquisition of equipment.

Interest of $$2,000$ and income taxes of $$6,400$ were paid in cash. Prepare a statement of cash flows using the indired method, $($Show amounts that decrease cash flow with

either a $-$ sign e$.$g$.15,000$ or in parenthesis e$.$g$.(15,000).)$

SHERIDAN CORPORATION

statement of Cash Flows

Adjustments to reconcile net income to Supplemental disclosures of cash flow information:

eTexibook and Modia

Attempts: $0$ of $5$ used

Additional data related to $2025$ are as follows.

Equipment that had cost $$11,100$ and was $40\%$ depreciated at time of disposal was sold for $$2,500.$

$$10,000$ of the long$-$term note payable was pald by Issuing common stock.

Cash dividends paid were $$4,900.$

On January $1,2025,$ the bullding was completely destroyed by a flood. Insurance proceeds on the bullding were

$$30,200($net of $$2,100$ taxes$).$

Debt investments $($avallable$-$for$-$sale$)$ were sold at $$1,800$ above thelr cost. The company has made similar sales

and Investments in the past.

Cash was paid for the acquisition of equipment.

A long$-$term note for $$16,000$ was issued for the acquisition of equipment.

Interest of $$2,000$ and income taxes of $$6,400$ were paid in cash.