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Sandhill Corporation's comparative balance sheet is presented below. SANDHILL CORPORATION Balance Sheet December 31 Assets 2021 2020 Cash $13,160 $9.840 Accounts receivable 19.500 21.530 Land
Sandhill Corporation's comparative balance sheet is presented below. SANDHILL CORPORATION Balance Sheet December 31 Assets 2021 2020 Cash $13,160 $9.840 Accounts receivable 19.500 21.530 Land 18,400 23.920 Buildings 64,400 64,400 Accumulated depreciation--buildings (13,800 (9.200 Total $101.660 $110,490 Liabilities and Shareholders Equity Liabilities and Shareholders' Equity Accounts payable $11,380 $28,610 Common shares 69,000 632180 Retained earnings 21,280 18,400 Total $101,660 $110,490 Additional information: 1. 2. Profit was $20,820. Dividends declared and paid were $17,940. No noncash investing and financing activities occurred during 2021. The land was sold for cash of $4,510 resulting in a loss of $1,010 on the sale of the land 3. Prepare a cash flow statement for 2021 using the indirect method. Lu Corporation reports under ASPE. (Show amounts that decrease cash flow with either a signes -15,000, or in parenthesis es (15,0001 SANDHILL LIMITED Cash Flow Statement-Indirect method Adjustments to reconcileprotto $ S e Textbook and Media Attempts:0 of 5 used Submit
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