Presented here are the financial statements of Sandhill Company. Sandhill Company

Income Statement

For the Year Ended December $31,2025$

Additional data:

Depreciation expense was $$42,000.$

Dividends declared and paid were $$48,000.$

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.

Bonds were redeemed at their carrying value.

Common stock was issued at par for cash. Attempts: $3$ of $3$ used

$($b$)$

Your answer is incorrect.

Compute free cash flow. $($Show amounts that decrease free cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis

e$.$g$.(15,000).$

Free cash flow $

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