prepare a statement of cash flows using the indirect method.

Thank you in advance

Presented here are the financial statements of Sheridan Company. Retained earnings Total SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $242,900 67,200175,700 $17,775 43,5005,9254023,700 40,6002,900 8,120 $32,480 Additional data: 1. Depreciation expense was $15,800. 2. Dividends declared and paid were $24,780. 3. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,300 and had accumulated depreciation of $9.700 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. SHERIDAN COMPANY Statement of Cash Flows $ Adjustments to reconcile net income to $