View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sandhill Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 $ 25 $ 10 230 230 Dividends payable Bank loan payable-current portion Bank loan payable -non-current portion Common shares Retained earnings 430 285 600 425 790 540 Additional information: 1 2 The bank loan was increased by additional borrowings of $360 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments. Common shares were issued during the year. None were repurchased. The company paid dividends during the year 3 230 230 Bank loan payable-current portion Bank loan payable-non-current portion 430 285 Common shares 600 425 Retained earnings 790 540 Additional information: 1. 2. The bank loan was increased by additional borrowings of $360 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments. Common shares were issued during the year. None were repurchased The company paid dividends during the year. Net income for the year was $450, 3. 4. Prepare the financing activities section of Sandhill's statement of cash flows for the year. (Show amounts that decrease cash flow with either a sign 6.3.-15,000 or in parenthesis e.g. (15,000) SANDHILL CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2021 4 Net income for the year was $450. Prepare the financing activities section of Sandhill's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis es. (15,000) SANDHILL CORPORATION Statement of Cash Flows (Partial) (S in thousands) Year Ended December 31, 2021 Financing activities Payment of cash dividends 185 Repayment of bank loan payable 215 Issue of common shares 175 Net cash used by financing activities Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $700 by paying $340 cash and Issuing a $ bank loan payable. Textbook and Media