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Sage Hill Company reported the following information for 2025. Additional information: 1. Operating expenses include depreciation expense of $120,000. 2. Land was sold at its
Sage Hill Company reported the following information for 2025. Additional information: 1. Operating expenses include depreciation expense of $120,000. 2. Land was sold at its book value for cash. 3. Cash dividends of $255,000 were declared and paid in 2025 . 4. Equipment with a cost of $498,000 was purchased for cash. Equipment with a cost of $153,000 and a bookvalue of $108,000 was sold for $102,000 cash. 5. Bonds of $150,000 were redeemed at their face value for cash. 6. Common stock ( $1 par) was issued at par for $510,000 cash. Use this information to prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signeg. 15,000 or in parenthesis e.g. (15,000). vith either
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