please before 06 decembre!!

The following are the financial statements of Sandhill Company. SANDHILL COMPANY Balance Sheet December 31 Assets 2021 2020 Cash $34,960 $18,400 Accounts receivable 27,600 12,880 Inventory 24,840 18,400 Equipment 55,200 71,760 Accumulated depreciation-equipment (26,680) (22,080) Total $115,920 $99,360 Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity Accounts payable $22,080 $13,800 6,440 7.360 Income taxes payable Notes payable 24,840 30,360 Common shares 16,560 12,880 Retained earnings 46,000 34,960 Total $115,920 $99.360 SANDHILL COMPANY Income Statement For the Year Ended December 31, 2021 SANDHILL COMPANY Income Statement For the Year Ended December 31, 2021 Sales $222,640 Cost of goods sold 161,000 Gross profit 61,640 Operating expenses 22.080 Income from operations 39,560 Interest expense 2.760 Income before income taxes 36,800 Income tax expense 7,360 Profit $29,440 1. Additional Information: Dividends declared and paid were $18,400, Sandhill reports under ASPE. During the year, equipment was sold for $7,820 cash. This equipment cost $16,560 originally and had a carrying value of $7,820 at the time of sale. 3. All depreciation expense, $13,340, is in the operating expenses. All sales and purchases are on account 2 4. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis es. (15,000).) SANDHILL COMPANY Cash Flow Statement - Indirect Method Cash Flow Statement - Indirect Method Adjustments to reconcile profit to