Sheffield Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $22,500. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,000. (a) Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Question 12 of 18 153 Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense $5000 Loss on Disposal of Plant Assets 2000 Decrease in Accounts Receivable 2000 Decrease in Accounts Payable Cash Flows from Operating Activities Cash Flows from Investing Activities Sale of Land Cash Flows from Investing Activities Question 12 of 18 153 Cash Flows from Financing Activities Payment of Dividends Issuance of Common Stock Cash Flows from Investing Activities Cash Flows from Financing Activities Cash at Beginning of Period Cash at End of Period $ eTextbook and Media