Question 3 You are provided with the following information for Sandhill Co., effective as of its April 30, 2022, year-end. Accounts payable $ 848 Accounts receivable 900 Accumulated depreciation equipment 630 Cash 1,360 Common stock 16,300 Cost of goods sold 1,000 Depreciation expense 315 Dividends 310 Equipment 2,500 Goodwill 1,900 Income tax expense 175 Income taxes payable Insurance expense 360 Interest expense 460 Inventory 950 Investment in land 15,000 3,200 Mortgage payable (long-term) 4,500 Notes payable (short-term) 62 Prepaid insurance 70 Retained earnings (beginning) 1,700 Salaries and wages expense Salaries and wages payable 275 Sales revenue 6,200 Stock investments (short-term) 1,300 135 Land 850 SANDHILL CO. Balance Sheet April 30, 2022 Assets Current Assets Cash Accounts Receivable Inventory NE Stock Investments Prepaid Insurance Total Current Assets Property, Plant and Equipment II Land Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ Click if you would like to Show Work for this question: Open Show Work