Question 11 of 11 View Policies Current Attempt in Progress E Error syncing grade. Try again....

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Question 11 of 11 View Policies Current Attempt in Progress E Error syncing grade. Try again. Sandhill Corporation's comparative balance sheets are presented below. Sandhill Corporation Comparative Balance Sheets December 31 2025 2024 Cash $15.100 $10,900 Accounts receivable 22.000 23,900 Land 21.000 27.700 Buildings 90.000 90,000 Accumulated depreciation-buildings (15,000) (11,900) Total $133.100 $140.600 Accounts payable $12.500 $31,900 Common stock 75,500 68.000 Retained earnings 45.100 40.700 Total $133.100 $140,600 Additional information: Net income was $23,800. Dividends declared and paid were $19,400. 2 No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,700. (a) Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with e -15,000 or in parenthesis e.g. (15,000).) Question 11 of 11 View Policies Current Attempt in Progress E Error syncing grade. Try again. Sandhill Corporation's comparative balance sheets are presented below. Sandhill Corporation Comparative Balance Sheets December 31 2025 2024 Cash $15.100 $10,900 Accounts receivable 22.000 23,900 Land 21.000 27.700 Buildings 90.000 90,000 Accumulated depreciation-buildings (15,000) (11,900) Total $133.100 $140.600 Accounts payable $12.500 $31,900 Common stock 75,500 68.000 Retained earnings 45.100 40.700 Total $133.100 $140,600 Additional information: Net income was $23,800. Dividends declared and paid were $19,400. 2 No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,700. (a) Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with e -15,000 or in parenthesis e.g. (15,000).)