Current Attempt in Progress Presented here are the financial statements of Sheridan Company. Additional data: 1. Depreciation expense was $15,800. 2. Dividends declared and paid were $24,780. 3. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,300 and had accumulated depreciation of $9.700 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and inventory purchases are on account. SHERIDAN COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Cash Receipts from Customers $ Less V cash payments: $ 1 Compute free cash flow. (Enter negative amount using eith Free cashflow $ eTextbook and Media