Prepare a statement of cash flows for Sheridan Company using the direct method. (Show amounts that...

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Prepare a statement of cash flows for Sheridan Company 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).) SHERIDAN COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Cash Receipts from Customers Less cash payments: To Suppliers For Operating Expenses For Income Taxes Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Redemption of Bonds Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period $ 175700 17775 5925 8120 8600 3300 -5100 -24780 242900 207520 35380 8600 -26580 17400 20200 $ 37600 Prepare a statement of cash flows for Sheridan Company 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).) SHERIDAN COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Cash Receipts from Customers Less cash payments: To Suppliers For Operating Expenses For Income Taxes Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Redemption of Bonds Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period $ 175700 17775 5925 8120 8600 3300 -5100 -24780 242900 207520 35380 8600 -26580 17400 20200 $ 37600