Net cash provided by operating activities Cash flows from investing activities Purchase of building Sale of equipment Net cash used by investing activities Cash flows from financing activities Proceeds from long-term debt Repayment of long-term debt 100 Proceeds from issuing common stock Net cash provided by financing activities Change in cash 0 000 v- Cash, beginning balance Cash, ending balance Click if you would like to Show Work for this question: Open Show WorkSandhill Enterprises Income Statement For the Year Ended December 31, 2016 Sales revenue $ 1,077,400 Gain on equipment sale 17,040 Total revenue 1,094,440 Cost of goods sold 707,000 Operating expenses Depreciation expense $ 30,160 Interest expense 7,460 Wages expenses 175, 1 ,180 Other expenses 16,080 228,880 Income before taxes 158,560 Tax expense 63,510 Net income $ 95,050 Sandhill Enterprises Comparative Balance Sheets As of December 31, 2016 2016 2015 Cash $ 129,700 $ 42,500 Accounts receivable, net 287,950 270,090 Inventory 125,900 95,270 Total current assets 543,550 407,860 Property, plant, & equipment 306,800 173,900 Accumulated depreciation 96,260 66,100 Net property, plant, & equipment 210,540 107,800 Total assets $ 754,090 $ $ 515,660 Accounts payable $ 151,560 $ 175,460 Taxes payable 17,700 21,740 Mortgage payable 71,450 Total liabilities 240,710 197,200 Common stock 352,270 252,400 Retained earnings 161,110 66,060 Total stockholders' equity 513,380 318,460 Total liabilities & stockholders' equity $ 754,090 $ 515,660 Using the indirect method, prepare Sandhill Enterprises' statement of cash flows for 2016. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Sandhill Enterprises Statement of Cash Flows For the Year Ended December 31, 2016 Cash flows from operating activities Net income / (loss) Adjustments to net income Depreciation Gain on sale of equipment Increase in accounts receivable 0,00000 Proceeds from long-term debt Decrease in accounts payable Repayment of long-term debt Net cash provided by operating activities Cash flows from investing activities Purchase of building