Use the following picture to solve the question make sure to explain what is going on and how you solved each question.

Sheridan Corporation reported the following information $($in thousands$)$ at December $31,2024$:

Additional information:

The bank loan was increased by additional borrowings of $$330$ to partially finance the purchase of new

equipment that cost $$700.$ The bank loan was decreased by repayments.

Common shares were issued during the year. None were repurchased.

The company paid dividends during the year.

Net income for the year was $$500.$

Prepare the financing activities section of Sheridan's statement of cash flows for the year. $($Show amounts t

decrease cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).$ Enter amc

thousands.$)$

SHERIDAN CORPORATION

Statement of Cash Flows $($Partial$)$

$($ $ in thousands$)$

For the Year Ended December $31,2024$

Cash Flows from Financing Activities

Issue of Common Shares

$

Payment of Cash Dividends

$$

Bank loan Obtained

Cash Dividends Received

Issue of Common Shares

Payment of Cash Dividends

Repayment of Bank Loan Payable

Surrender of Common Shares

Attempts: $0$ of $2$ used