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please, before 06 december a The current assets and liabilities sections of the comparative balance sheet of Sandhill Inc, a private company reporting under ASPE,
please, before 06 december
a The current assets and liabilities sections of the comparative balance sheet of Sandhill Inc, a private company reporting under ASPE, at October 31 are presented below, along with the income statement: SANDHILL INC. Comparative Balance Sheet Accounts 2021 2020 $71,280 $75,600 Cash Accounts receivable Inventory 46,080 29,520 23,400 33.120 Prepaid expenses 5,400 4,176 Accounts payable 30,960 25.920 3,600 5.760 Accrued expenses payable Dividends payable Income taxes payable 17,280 12.240 4,896 8,496 Sales SANDHILL INC. Income Statement Year Ended October 31, 2021 $450,000 Cost of goods sold 280.800 Gross profit 169.200 Operating expenses $63,360 Depreciation expense 16,560 Loss on sale of equipment 5,760 85,680 Profit before income taxes 83,520 Income taxes 20,880 Profit $62,640 Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis es. (15,000).) Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es. (15,000)) SANDHILL INC. Cash Flow Statement (Partial) $ Adjustments to reconcile profit to > > Step by Step Solution
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