Wiley AC6 Chpt 12 Cash Flows Question 3 of 4 < > Sheridan Company's comparative balance sheets are presented below. Sheridan Company Comparative Balance Sheets December 31 2022 2021 Cash $ 14,400 $10,000 Accounts receivable 20,800 23,000 Land 19,800 25,900 Buildings 70,300 70,300 Accumulated depreciation-buildings (14,700) (10,600) Total $110,600 $118,600 Accounts payable $ 12,200 $30,600 Common stock 75,600 68,000 Retained earnings 22,800 20,000 Total $110,600 $118,600 Additional information: -/3 1. Net income was $22,600. Dividends declared and paid were $19,800. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,800. III (a) Prepare a statement of cash flows for 2022 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).) Sheridan Company Statement of Cash Flows - Indirect Method $ Adjustments to reconcile net income to eTextbook and Media $ SUPPORT