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urgent ! The comparative statement of financial position for Sandhill Retailers Ltd. follows: SANDHILLRETAILERS LTD. Statement of Financial Position December 31 Liabilities and Shareholders' Equity
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The comparative statement of financial position for Sandhill Retailers Ltd. follows: SANDHILLRETAILERS LTD. Statement of Financial Position December 31 Liabilities and Shareholders' Equity Bank overdraft $21,00069,000$049,000 Accounts payable 86,000101,000 Bank loan payable (noncurrent) Common shares 51,000 Retained earnings Total liabilities and shareholders' equity dditional information regarding 2021: 1. Net income was $31,000. 2. Depreciation expense was $17,000. 3. During the year, the company did not receive any new bank loans. 4. During the year, the company did not purchase furniture but did sell some furniture for $8,000, which resulted in a gain on disposal of $4,000. 5. No common shares were issued during the year but some were repurchased at the cost at which they were originally issued. 6. During the year, the company pd all dividends declared. (a) Prepare a statement of cash flows using the indirect method for 2021. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Prepare a statement of cash flows using the indirect method for 2021. (Show amounts that decrease cash flow with either a - sign eTextbook and Media enter a total amount for section three swe for Later Attempts: 0 of 5 used Step by Step Solution
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