Sandhill Ltd. is a private company reporting under ASPE.Its income statement and changes in current assets and current liabilities for the year are reported below: SANDHILL LTD. Income Statement Year Ended December 31, 2021 Sales $796,320 Cost of goods sold 411,600 384.720 $260,400 Gross profit Operating expenses Depreciation expense Gain on sale of equipment 42,000 (8,400 294,000 Profit before income tax 90,720 Income tax expense 25,200 Profit $65,520 Changes in current assets and current liabilities were as follows: Accounts receivable $30,240 decrease Inventory 15,960 increase 1.680 increase Prepaid expenses Accounts payable Dividends payable 10.080 decrease 4.200 decrease Income taxes payable 3,360 decrease Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a - sign c.8.-15.000 or in parenthesis eg (15,0001) Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a-sign es. -15,000 or in parenthesis es (15,0001) SANDHILL LTD Cash Flow Statement (Partial) Year Ended December 31, 2021 Operating Activities For Operating Expenses 65.520 Operatinit Activities Loss on Sale of Coloment For Operating Expenses OOO 260400 For Income Taxes 25.200 Net Cash Used in Operating Activities