Question 5 of 6 < > SANDHILL CORPORATION Balance Sheet December 31 Assets 2024 2023 Cash $14,010 $10,490 13 Accounts receivable 20,780 22,930 Land 19,600 25,480 Building 68,600 68,600 Accumulated depreciation-building (14,700) (9,800) Total $108,290 $117,700 Liabilities and Shareholders' Equity. Accounts payable $12,120 $30,480 Common shares 73,500 67,620 Retained earnings 22,670 19,600 Total $108,290 $117,700 Question 5 of 6 < > Total $108,290 $117,700 Additional information: 1. Profit for the year was $22,180. Dividends declared and paid were $19,110. No noncash investing and financing activities occurred during 2024. The land was sold for cash of $4,800, resulting in a loss of $1,080 on the sale of the land. -12 Prepare a cash flow statement for 2024 using the indirect method. Sandhill Corporation reports under ASPE. (Show ama decrease cash flow with either a-sign e.g. -15,000, or in parenthesis e.g. (15,000)). SANDHILL CORPORATION Cash Flow Statement Adjustments to reconcile profit to SA $ Question 5 of 6 < Adjustments to reconcile profit to > > -/25 6 < < 13 > > > C -12 Question 5 of 6 < eTextbook and Media $