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please help me The comparative balance sheets for Sage Hill Corporation appear below: Additional information: 1. Net loss for 2022 is $12,000. Net sales for
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The comparative balance sheets for Sage Hill Corporation appear below: Additional information: 1. Net loss for 2022 is $12,000. Net sales for 2022 are $280,000. 2. Cash dividends of $24,600 were declared and paid in 2022 . 3. Land was sold for cash at a loss of $2,700. This was the only land transaction during the year, 4. Equipment with a cost of $18,600 and accumulated depreciation of $10,800 was sold for $5,500 cash. 5. $14,800 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $30,000. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method, (Show amounts that decrease cash flow with either a-sign es-15,000 or in parenthesis es. (15,000). Do not leave any answer field blank. Enter 0 for amounts) Adjustments to reconcile net income to Net Cash Provided by Operatiog Aetivities Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Recelvable Increase in Prepaid Insurance Cash Flows from Investine Activities Proceeds trom the Sale of Land Proceeds from the Sale of Equipment Question 4 of 10 Not Cish Ured by lmvesting Activities Cagh Flows froin Financing Activities Pement of Dividends Retirement of Bonds Payable Purchase of Equipment through issuance of Common Stock Net Cash Used by Financine Activiket Net lncrease hicash Cashat Beginning of Period Cash at End of Period Noncash finvesting and Financing Activities. 5 Is uance of tionds Payable Step by Step Solution
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