Practice Exercise 02 a-b (Part Level Submission) Sheffield Corp.'s comparative balance sheets are presented below. Sheffield Corp. Comparative Balance Sheets December 31 2020 Cash $ 14,800 Accounts receivable 20,700 Land 20,500 Buildings 69,600 Accumulated depreciatin-buildings (14,800) Total $110,800 2019 $ 10,400 23,100 26,200 69,600 (10,800) $118,500 Accounts payable Common stock Retained earnings Total $ 12,800 74,000 24,000 $110,800 $ 27,900 71,400 19,200 $118,500 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,600. - Open Assignment CALCULATOR RESOURCES Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a sign e.g.-1 ew 12-01 2-01 Sheffield Corp. Statement of Cash Flows 2-05. (Video) oblem 01 a-b Submission) ercise 02a-b Submission It Review Adjustments to reconcile net income to Its by Study