The income statement of Sheridan Company is shown below.

Sheridan Company

Income Statement

For the Year Ended December $31,2025$

Sales revenue

$$7,030,000$

Cost of goods sold

Operating expenses

Additional information:

Accounts receivable decreased $$330,000$ during the year.

Prepaid expenses increased $$160,000$ during the year.

Accounts payable to suppliers of merchandise decreased $$270,000$ during the year.

Accrued expenses payable decreased $$120,000$ during the year.

Administrative expenses include depreciation expense of $$60,000.$

Prepare the operating activities section of the statement of cash flows for the year ended December $31,2025,$ for

Sheridan Company, using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign

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