Information for statement

Statement

Current Attempt in Progress The following are comparative balance sheets for Sage Hill Company. Sage Hill Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable $117,000$129,000 Bonds payable 450,000600,000 Common stock (\$1 par) 648,000522,000 Retained earnings Total \begin{tabular}{rr} $1,791,000576,000$1,665,000414,000 \\ \hline \end{tabular} Additional information: 1. Net income for 2025 was $279,000. 2. Depreciation expense was $102,000. 3. Cash dividends of $117,000 were declared and paid. 4. Bonds payable with a carrying value of $150,000 were redeemed for $150,000 cash. 5. Common stock was issued at par for $126,000 cash. 6. No equipment was sold during 2025. 7. Land was sold for its book value. Prepare a statement of cash flows for 2025 using the indirect method, (Show amounts that decrease cosh flow with either a-sign e.8. 45,000, or in parenthesis eg. (45,000)). SAGE HILL COMPANY Statement of Cash Flows - Indirect Method 5 Adjustments to reconcile net income to