Presented here are the financial statements of Sandhill Company. : Homework Question 6 of 6 Liabilities and Stockholders' Equity Accounts payable $45,60016,80040,80043,200$36,00019,20079,20033,600 Income taxes payable Bonds payable Common stock Retained earnings Total 7: Homework Question 6 of 6 Sandhill Company Income Statement For the Year Ended December 31, 2025 Sales revenue $580,800420,000160,800 Cost of goods sold Gross profit Selling expenses $43,200 Income from operations 103,200 Interest expense 7,200 Income before income taxes 96,000 Income tax expense 19,200 Net income $76,800 Additional data: 1. Depreciation expense was $42,000. 2. Dividends declared and paid were $48,000. 3. During the year, equipment was sold for $20,400 cash. This equipment originally cost $43,200 and had accumulated depreciation of $22,800 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Question 6 of 6 =/11 SANDHILL COMPANY Statement of Cash Flows - Indirect Method s Adjustments toreconclie net income to Compute free cash flow. (Show amounts that decrease free cash flow with either a-sign eg. 15,000 or in parenthesis eg, (15,000).) Free cash flow