Current Attempt in Progress Your answer is partially correct. Sheridan Corporation reported the following information for the year ended December 31: Balance sheet accounts: 2024 2023 Income statement accounts: 2024 Accounts receivable $78,200 55,200 Sales $345,000 Inventory 57,040 50,600 Gain on sale of land 13,800 Prepaid expenses 4,600 8,280 Cost of goods sold 138,000 Accounts payable 32,200 38,640 Operating expenses 69,000 Income tax payable 12,880 8,280 Depreciation expense 18,400 Income tax expense 46,000 Calculate the net cash provided (used) by operating activities using the direct method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities $ 53,280 eTextbook and Media Save for Later Attempts: 9 of 15 used Submit Answer