Using the indirect method, construct Sheridan Industries statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).)

Exercise 13-11 The following items were gathered from Sheridan Industries' general ledger: Sale of marketable securities Depreciation and amortization expense Payment of cash dividends Proceeds from disposal of equipment Loss on disposal of equipment Net income Beginning Cash balance Purchase of equipment Decrease in Accounts Receivable Proceeds from issuing common stock Increase in Inventory Increase in Accounts Payable Ending Cash balance $ 14,040 23,972 3,863 829 160 26,163 19,710 21,412 1,098 2,351 3,625 4,670 64,093 Sheridan Industries Statement of Cash Flows Net cash activities Net cash M activities Net cash activities