Sandhill Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sandhill Inc.'s financial statements at year end: 2021 2020 Cash $ 19,500 $9,000 Buildings 855.000 745,000 Equipment 407,000 353,000 Land 105,000 60,000 Accumulated depreciation-buildings 310,000 297,500 Accumulated depreciation-equipment 135,000 101,000 Dividends payable 6.750 3,200 Mortgage payable 549,000 589,000 Notes payable 345,000 314,000 Common shares: 5,500 shares in 2021; 4.100 in 2020 544,000 415,000 Retained earnings 211,000 112,000 Cash dividends declared 30,000 14,000 Depreciation expense-buildings 27,000 40,500 Depreciation expense-equipment 48,005 26,150 Gain on sale of equipment Loss on sale of building Interest expense 1,000 0 11,500 0 49.250 45,150 Additional information: 1. 2. 3. 4. 5. 6. Purchased $80,000 of equipment for $12,000 cash and a note payable for the remainder. Equipment was also sold during the year. Sold a building that originally cost $55,000. Used cash to purchase land and a building. Mortgage payments and notes payable payments included interest and principal amounts. Common shares were issued for cash. Determine the amount of any cash inflows or outflows related to financing activities in 2021. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a sign eg. -15,000 or in parenthesis e.g. (15,000).) SANDHILL INC. Cash Flow Statement (Partial) GA > >