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Can someone please help me with the following question? The red boxes need fixed. See below for details. Thanks!

Presented here are the nancial statements of Shefeld Company. SHEFFIELD COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,300 $19,300 Accounts receivable 32,200 20,000 Inventory 30,300 20,400 Property, plant, and equipment 59,600 77,900 Accumulated depreciation (2 9,800) (23,400) Total $128,600 $114,200 Liabilities and Stockholders' Equity Accounts payable $28,200 $ 16,700 Income taxes payable 7,500 8,400 Bonds payable 26,300 33,200 Common stock 17,200 14,200 Retained earnings 49,400 41,700 Total $128,600 $114,200 SHEFFIELD COMPANY Income Statement For the Year Ended December 31, 2022 Sales revenue $241,700 Cost of goods sold 175,300 Gross prot 66,400 Selling expenses $18,450 Administrative expenses 6,150 24,600 Income from operations 41,800 Interest expense 2,000 Income before income taxes 39,800 Income tax expense 7,960 Net income $31,840 Additional data: 1. Depreciation expense was $14,900. 2. Dividends declared and paid were $24,140. 3. During the year, equipment was sold for $9,800 cash. This equipment originally cost $18,300 and had accumulated depreciation of $8,500 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. SHEFFIELD COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 3 Cash Flows from Operating Activities v b 4} Net Income $ 31840 Adjustments to reconcile net income to Net Cash Provided by Operating Activities 9 I 0 +19- 4} Depreciation Expense 14900 Increase in Accounts Receivable 12200 Increase in Inventory ,9900 Increase in Accounts Payable 1 1500 Decrease in Income Taxes Payable 3400 Net Cash Provided by Operating Activities 35240 ll 1! Cash Flows from Investing Activities Sale of Equipment 9800 4} Net Cash Provided by Investing Activities 3 9800 Cash Flows from Financing Activities Payment of Dividends 3 Redemption of Bonds I Issuance of Common Stock 3 i 0 -24140 -6900 Net Cash Used by Financing Activities A v Net Increase in Cash I Cash at Beginning of Period i Cash at End of Period 0 0 0 - 3000 28040 17000 19300 36300 Compute free cash ow. (Enter negative amount using either a negative sign preceding the number e.3. -45 or parentheses ea. (45).)