I need some help with section 23-13, I would be very grateful

Exercise 23-13 Sheridan Inc., a greeting card company, had the following statements prepared as of December 31, 2017. SHERIDAN INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 12/31/17 12/31/16 Cash $6,100 $7,000 Accounts receivable 61,600 51,500 Short-term debt investments (available-forsale) 34,900 18,100 Inventory 39,900 60,400 Prepaid rent 5,000 4,100 Equipment 154,100 130,300 Accumulated depreciationequipment (35,000 ) (24,900 ) Copyrights 45,500 50,500 Total assets $312,100 $297,000 Accounts payable $45,800 $39,900 Income taxes payable 4,000 6,000 Salaries and wages payable 8,100 4,000 Short-term loans payable 7,900 10,000 Long-term loans payable 60,500 69,300 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Prepare a statement of cash ows using the direct method. (Show amounts that decrease cash flow with either a - sign (9.9. -15,000 or in parenthesis e.g. (15,000).) SHERIDAN INC. Statement of Cash Flows o 4 fl!- 1" o o 1 o o o o Contributed capital, common stock 30,000 30,000 Retained earnings 55,800 37,800 Total liabilities & stockholders' equity $312,100 $297,000 SHERIDAN INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017 Sales revenue $333,000 Cost of goods sold 174,000 Gross prot m Operating expenses 119,500 Operating income W Interest expense $11,500 Gain on sale of equipment 2,000 9,500 Income before tax W Income tax expense 6,000 Net income $24,000 Additional information: Dividends in the amount of $6,000 were declared and paid during 2017. Depreciation expense and amortization expense are included in operating expenses. No unrealized gains or losses have occurred on the investments during the year. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2017. :599'!'