The comparative statement of financial position of Sheffield Corporation as at December $31,2023,$ follows:

Net income of $$37,300$ was reported and dividends of $$13,100$ were declared and paid in $2023.$ New equipment was purchased, and

equipment with a carrying value of $$5,100($cost of $$11,600$ and accumulated depreciation of $$6,500)$ was sold for $$7,900.$

Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume that Sheffield prepares

financial statements in accordance with ASPE. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.$

$(15,000).$

SHEFFIELD CORPORATION

Statement of Cash Flows