Sandhill Corporation's balance sheet at the end of 2024 included the following items. The following information is available for 2025. 1. Net income was $54,200. 2. Equipment (cost $21,890 and accumulated depreciation $9.890 ) was sold for $11.890. 3. Depreciation expense was $5.890 on the building and $10.890 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,890. 6. An addition to the building was completed at a cost of $28,890. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $51,420 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. (a) Your answer is correct. Prepare a statement of cash flows for 2025. (Show omounts that decrease cash flow with either a-sign e.8. 15,000 or in parenthesis e.g. (15,000). Sandhill Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Adjustments to reconcile net income to Net Cash Provided ty Operating Activities: Loss on 5 ale of Equipment \( \$ \lcm{110} \) Depreciation Expense Increase in Current Assets (Other than Cash) v Increase in Current Liabilities ( 3 Patent Amortization Net Cash Provided by Operating Activities 59480 Cash Flows from lnvesting Activities. \begin{tabular}{|l|r|} \hline Sale of Equipment \\ Addition to Building \\ Net Cashusedment in Stock \\ \hline Nes livesting Activities (28890) \\ \hline \end{tabular} Cibh Flows from Financing Activities Issuance of Bonds \begin{tabular}{|c|} \hline 51420 \\ \hline(30000) \\ \hline \end{tabular} Purchase of Treasury Stock (11000) Net Cash Provided by Financing Activities 10420 Net lncrease in Cash 36900 Cash at Beginning of Period Cashat End of Period eTextbook and Media List of Accounts Prepare a balance sheet at December 31, 2025. (Show only totals for current assets and current liabilities.) (List Property, Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) Liabilities and Stockholders' Equity Current Liablities: Lons-term Llabilities