Presented below is the comparative balance sheet for Sheridan Inc., a private company reporting under ASPE, at December 31, 2021, and 2020:

SHERIDAN INC. Balance Sheet December 31
Assets		2021			2020
Cash		$55,400			$98,000
Accounts receivable		101,000			75,000
Inventory		205,000			155,500
Long-term investment		101,500			0
Property, plant, and equipment		535,000			460,000
Less: Accumulated depreciation		(162,500	)		(140,000	)
		$835,400			$648,500
Liabilities and Shareholders' Equity
Accounts payable		$57,500			$47,000
Dividends payable		6,000			0
Income tax payable		14,000			15,000
Long-term notes payable		25,000			0
Common shares		630,000			525,000
Retained earnings		102,900			61,500
		$835,400			$648,500

SHERIDAN INC. Income Statement Year Ended December 31, 2021
Sales					$651,400
Cost of goods sold					432,000
Gross profit					219,400
Operating expenses		$147,500
Loss on sale of equipment		3,000			150,500
Profit from operations					68,900
Interest expense		3,000
Interest revenue		(4,500	)		(1,500	)
Profit before income tax					70,400
Income tax expense					14,000
Profit					$56,400

Additional information:
1.		Cash dividends of $15,000 were declared.
2.		A long-term investment was acquired for cash at a cost of $101,500.
3.		Depreciation expense is included in the operating expenses.
4.		The company issued 10,500 common shares for cash on March 2, 2021. The fair value of the shares was $10 per share. The proceeds were used to purchase additional equipment.
5.		Equipment that originally cost $30,000 was sold during the year for cash. The equipment had a carrying value of $9,000 at the time of sale.
6.		The company issued a note payable for $28,000 and repaid $3,000 by year end.
7.		All purchases of inventory are on credit.
8.		Accounts Payable is used only to record purchases of inventory.

Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a - signe.g. -15,000 or in parenthesis e.g. (15,000).) SHERIDAN INC. Cash Flow Statement - Indirect Method $ $ Adjustments to reconcile profit to > $ > > > > >