Sandhill AG reported 130,500 of net income for 2022. The accountant, in preparing the statement of cash flows, noted several items occurring during 2022 that might affect cash flows from operating activities. These items are listed below.

1.		Sandhill purchased 100 treasury shares at a cost of 20 per share. These shares were then resold at 25 per share.
2.		Sandhill sold 100 ordinary shares of Nokia at 250 per share. The acquisition cost of these shares was 165 per share. This investment was shown on Sandhills December 31, 2021, statement of financial position as a non-trading equity investment.
3.		Sandhill revised its estimate for bad debts. Before 2022, Sandhills bad debt expense was 1% of its receivables. In 2022, this percentage was increased, resulting in bad debt expense of $8,500. Net accounts receivable decreased by 10,800 during 2022.
4.		Sandhill issued 450 ordinary shares with a 10 par value for a patent. The fair value of the shares on the date of the transaction was 23 per share.
5.		Depreciation expense is 32,000.
6.		Sandhill holds 25% of the Sanchez Companys ordinary shares as a long-term investment. Sanchez Company reported 27,000 of net income for 2022.
7.		Sanchez Company paid a total of 1,800 of cash dividends to all investees in 2022.
8.		Sandhill declared a 10% share dividend. One thousand ordinary shares with a 10 par value were distributed. The market price at date of issuance was 20 per share.

Prepare a schedule that shows the net cash flow from operating activities using the indirect method. Assume no items other than those listed above affected the computation of 2022 net cash flow from operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Sandhill AG Statement of Cash Flows (Partial) choose the accountig period December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select a cash flow item Gain on Sale of InvestmentDepreciation ExpenseNet IncomeIncrease in Accounts ReceivableDecrease in Accounts ReceivableDividends from Equity Method InvestmentLoss on Sale of InvestmentIncome from Equity Method Investment		enter an euro amount
Adjustments to reconcile net income to
select an opening subsection name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select a cash flow item Loss on Sale of InvestmentDepreciation ExpenseIncrease in Accounts ReceivableGain on Sale of InvestmentIncome from Equity Method InvestmentDecrease in Accounts ReceivableDividends from Equity Method InvestmentNet Income	enter an euro amount
select a cash flow item Increase in Accounts ReceivableGain on Sale of InvestmentDepreciation ExpenseDividends from Equity Method InvestmentIncome from Equity Method InvestmentLoss on Sale of InvestmentDecrease in Accounts ReceivableNet Income	enter an euro amount
select a cash flow item Net IncomeIncome from Equity Method InvestmentGain on Sale of InvestmentLoss on Sale of InvestmentIncrease in Accounts ReceivableDividends from Equity Method InvestmentDepreciation ExpenseDecrease in Accounts Receivable	enter an euro amount
select a cash flow item Decrease in Accounts ReceivableDepreciation ExpenseLoss on Sale of InvestmentGain on Sale of InvestmentIncrease in Accounts ReceivableNet IncomeIncome from Equity Method InvestmentDividends from Equity Method Investment	enter an euro amount
select a cash flow item Loss on Sale of InvestmentIncome from Equity Method InvestmentDividends from Equity Method InvestmentDepreciation ExpenseGain on Sale of InvestmentIncrease in Accounts ReceivableNet IncomeDecrease in Accounts Receivable	enter an euro amount
		enter a total amount of the adjustments
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		enter a total amount for this section

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