Sandhill Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is as follows: SANDHILL LIMITED Balance Sheet December 31 2021 2020 Assets Cash $41.040 $30.600 Accounts receivable 270.000 216,000 Inventory 180.000 118,800 Prepaid insurance 6.480 9.000 450,000 360,000 (126.000) (100.800) $821.520 $633.600 $ 81,360 $72.000 Equipment and vehicles Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Salaries payable Interest payable Notes payable Common shares Retained earnings Total liabilities and shareholders' equity 10.800 14.400 9.360 7.200 180.000 126,000 144,000 216.000 324.000 270.000 $821.520 $633.600 1. Additional information: Profit for 2021 was $72,000. Equipment was purchased during the year. No equipment was sold. Cash dividends were paid to the common shareholders during the year. 2. 3 Prepare the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-sighes-15,000 or in parenthesiseg (15,0003.) SANDHILL LIMITED Cash Flow Statement Adjustments to reconcile proht to V > > > S > S V