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The following information is available for Sage Hill Corporation for the year ended December 31, 2022 Beginning cash balance Accounts payable decrease Depreciation expense Accounts

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The following information is available for Sage Hill Corporation for the year ended December 31, 2022 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Sales revenue Cash dividends paid Income tax payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $43,000 3,500 75,000 8,700 12,100 337,000 43,000 740,000 11,800 4,400 145,000 33,900 258,000 Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a sign .g.-15,000 or in parenthesis e.o. (15,000).) SAGE HILL CORPORATION Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to

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