The current sections of Sheridan Inc.’s balance sheets at December 31, 2021 and 2022, are presented here. Sheridan’s net

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The current sections of Sheridan Inc.’s balance sheets atDecember 31, 2021 and 2022, are presented here.
Sheridan’s net income for 2022 was $150,900. Depreciationexpense was $26,200.

The Current Sections Of Sheridan Inc S Balance Sheets At December 31 2021 And 2022 Are Presented Here Sheridan S Net 1 (235.63 KiB) Viewed 9 times

Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $107,500 78,600 168,300 26,700 $381,100 $16,000 84,300 $100,300 2021 $98,200 90,700 172,400 22,200 $383,500 $8,100 95,600 $103,700

Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accounts Payable Decrease in Inventory Increase in Prepaid Expenses Increase in Accrued Expenses Payable Decrease in Accounts Payable Net Cash Provided by Operating Activities $ 26200 4100 7900 $ $ 150900

Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense Decrease in Accounts Payable For the Year Ended December 31, 2022 Increase in Inventory Decrease in Prepaid Expenses Decrease in Accrued Expenses Payable ✓ Increase in Accounts Payable Cash Flows from Operating Activities v ✓ $ 26200 12100 4100 4500 7900 -11300 $ $ 150900 -4700 146200