Compute free cash flow. (Show a negative free cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Free cash flow \$ Sandhill Corporation's comparative balance sheets are as follows. Additional information: 1. Net income was $17,100. Dividends declared and paid were $16,100. 2. Equipment which cost $11,700 and had accumulated depreciation of $1,000 was sold for $3,000. 3. No noncash investing and financing activities occurred during 2025. 4. Bonds were retired at their carrying value. SANDHILL CORPORATION Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities : Depreciation Expense 2,600 Net Cash Provided by Operating Activities v 29,700 Cash Flows from Investing Activities \begin{tabular}{|ll|} \hline Depreciation Expense & \\ \hline \end{tabular} 5,200 Sale of Equipment 3,000 \begin{tabular}{|ll|} \hline Cash Flows from Operating Activities \\ \hline \end{tabular} Cash Flows from Financing Activities Payment of Dividends 16,100 Retirement of Bonds 19,000 Issuance of Common Stock Net Cash Used by Financing Activities Net Decrease in Cash Cash at Beginning of Period Cash at End of Period