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The following information is available for Sage Hill Corporation for the year ended December 31, 2022 Collection of principal on long-term loan to a supplier
The following information is available for Sage Hill Corporation for the year ended December 31, 2022 Collection of principal on long-term loan to a supplier $23,000 Acquisition of equipment for cash 18.500 Proceeds from the sale of long-term investment at book value 23,300 Issuance of common stock for cash 21.500 Depreciation expense 29,300 Redemption of bonds payable at carrying (book) value 37,400 Payment of cash dividends 8,000 Net income 39,000 Purchase of land by issuing bonds payable 45,000 In addition, the following information is available from the comparative balance sheet for Sage Hill at the end of 2022 2022 2021 Cash $169,900 $100,000 Accounts receivable (net) 30,300 19.200 Prepaid insurance 18,300 13,100 Total current assets $218,500 $132,300 Accounts payable $36,400 $21,300 Salaries and wages payable 6,000 7.100 Total current liabilities $42,400 $28,400 Prepare Sage Hill's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amo decrease cash flow with either a-sign es-15,000 or in parenthesis es (15.0001) SAGE HILL CORPORATION Statement of Cash Flows Adjustments to reconcile net income to
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