Question

Introduction to the Mint Intermediate Account Ile 5-14 The both of Sheridan Inc. the beginning and the end the year 2020 e as follows SIDAN INC. BALANCE SHEETS Der 11, 2020 Jan. 2020 TecDer Cash $ 45,040 95.250 tvo Red Deequipment $16.040 89.210 21.210 11.000 $32.000 e 6.040 The 20.040 Inc 10.210 Inc 21.250 516320 $24.350 $16.210 1040 In 13.040 21.30 3.000 20 640 17. The Tuca 5363290 1117.450 Netcome of $45.250 red and dividends of $30.2012. News and doned Prepare want och for the year 2020. (Show me that decream war. 15.000 in this . (13.00 SHERIDAN INC Sam Canh Type to search o 1

Answer 1

SHERIDAN INC.
Statement of Cash Flows
For the year ended December 31, 2020
	$	$
Cash Flow from operating Activities:
Net Income		48250
Adjustments to reconcile net income to
Net cash provided by operating Activities:
Depreciation Expense	10250
Increase in Account Receivable	-6040
Increase in accounts payable	8040
		12250
Net cash provided by operating activities (A)		$60500
Cash flow from investing activities:
Purchase of Equipment	-20040
Net cash used in investing activities (B)		-$20040
Cash flow from financing activities:
Cash Proceeds from issuance of Common stock	21830
Dividend paid	-30290
Net cash Used in financing activities (C)		-$8460
Net Increase in cash (A) + (B) + (C)		$32000
Add: Cash at the beginning of the year		$16040
Cash at the end of the year		$48040