The current assets and liabilities sections of the comparative balance sheet of Sheridan in a private company reporting under ASPE, at October 31 are presented below, along with the income statement: SHERIDAN INC. Comparative Balance Sheet Accounts 2021 2020 Cash $32,670 $34,650 Accounts receivable 21,120 13,530 Inventory 10,725 15,180 Prepaid expenses 2.475 1.914 Accounts payable 14,190 11,880 Accrued expenses payable 1,650 2,640 Dividends payable 7,920 5,610 Income taxes payable 2.244 3,894 V SHERIDAN INC. Income Statement Year Ended October 31, 2021 Sales Cost of goods sold Gross profit 0040 $206,250 128.700 77,550 Q ACE 9 ALI Qu Acce SHERIDAN INC. Income Statement Year Ended October 31, 2021 Sales $206,250 Cost of goods sold 128.700 Gross profit 77.550 Operating expenses $29,040 Depreciation expense 7.590 Loss on sale of equipment 2640 39,270 Profit before income taxes 38,280 Income taxes 9.570 Profit $28,710 Que Accou Ques Accoun Quest Account Prenarth SHERIDAN INC. Cash Flow Statement (Partial) $ Adjustments to reconcile profit to 3 > Adjustments to reconcile profitto > v >> > $