The following are comparative balance sheets for Sheffield Company. Prepare astatement of cash flows for 2022 using the indirect method. (Show amounts that decrease cosh flow with either a - signeg. 15,000, or in porenthesises. (15,000) ) 4. Bonds payable with a carrying value of $53,500 were redeemed for $53,500 cash. 5. Common stock was issued at par for $38,100 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Net Cash Used by Financing Activities Netincrease in Cash Cash at Beginning of Period Cash at End of Period Sale of Land Net Casti Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Redemption of Bonds Issuance of Common Stock: Net Cash Used by Flnancing Activities Netlocrease in Cash Additional information: 1. Net income for 2022 was $102,500. 2. Depreciation expense was $32,500. 3. Cash dividends of $40,000 were declared and paid. 4. Bonds payable with a carrying value of $53,500 were redeemed for $53,500 cash