Question: 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

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. SHEFFIELD CORPORATION Statement of Cash Flows -

Indirect Method Adjustments to reconcile net income to $

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. SHEFFIELD CORPORATION Statement of Cash Flows - Indirect Method Adjustments to reconcile net income to $

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