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Sandhill Ltd. completed its first year of operations on September 30, 2021. Sandhill reported the following information at September 30, 2021: SANDHILL LTD. Selected

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Sandhill Ltd. completed its first year of operations on September 30, 2021. Sandhill reported the following information at September 30, 2021: SANDHILL LTD. Selected balance sheet account balances at September 30, 2021 Accounts receivable Prepaid expenses Accrued expenses payable Interest payable Dividends payable Income taxes payable SANDHILL LTD. Income Statement Year Ended September 30, 2021 Service revenue Operating expenses $102,480 $239,400 $19,320 2,604 8,820 420 3,192 8,232

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