Question: please repond in the same format will thumbs up The income statement of Sheridan Company is presented here. Textoook ana Media SHERIDAN COMPANY Partial Statement



The income statement of Sheridan Company is presented here. Textoook ana Media SHERIDAN COMPANY Partial Statement of Cash Flows $ Adjustments to reconcile net income to $ Additional information: 1. Accounts receivable decreased $373,000 during the year, and inventory decreased $285,600. 2. Prepaid expenses increased $149,300 during the year. 3. Accounts payable to suppliers of merchandise decreased $343,300 during the year. 4. Accrued expenses payable decreased $98,300 during the year. 5. Administrative expenses include depreciation expense of $111,400. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2027, for Sheridan Company using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parentheses eg. (15,000).)
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