Question: SHEFFIELD INC. Statement of Cash Flows (Partial) - Indirect Method $ Adjustments to reconcile net income to $ The current sections of Sheffield Inc.'s balance

SHEFFIELD INC. Statement of Cash Flows (Partial) - Indirect Method $ Adjustments to reconcile net income to $ The current sections of Sheffield

SHEFFIELD INC. Statement of Cash Flows (Partial) - Indirect Method $ Adjustments to reconcile net income to $ The current sections of Sheffield Inc.'s balance sheets at December 31, 2024 and 2025, are presented here. Sheffield's net income for 2025 was $76,500. Depreciation expense was $13,500. Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 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).)

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