what would the answers for the same problems and charts be if the amounts were replaced with these?Question $1$ of $1$

$16\mathrm{.}17/60$

Sandhill Corporation's balance sheet at December $31,2026,$ is presented as follows.

$\backslash$table$[[\backslash$table$[[$SANDHILL CORPORATION$],[$Balance Sheet$],[$December $31,2026]]],[$Cash$,$$$25,900,$Accounts payable,$$24,600],[$Accounts receivable,$49,400,$Commonstock $($$$10$ par$),74,000],[$Allowance for doubtful accounts,$(1,300),$Retained earnings,$136,800],[$Supplies$,4,800,,],[$Land$,39,900,,],[$Buildings$,138,200,,],[$Accumulated depreciation$-$buildings,$(21,500),,],[,$$$235,400,,$$$235,400]]$

During $2027,$ the following transactions occurred.

On January $1,2027,$ Sandhill issued $1,100$ shares of $$40$ par, $7\%$ preferred stock for $$45,100.$

On January $1,2027,$ Sandhill also issued $1,000$ shares of the $$10$ par value common stock for $$22,400.$

Sandhill performed services for $$323,000$ on account.

$4$:$12$ PM

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$5/4/2025$

Question $1$ of $1$

$16\mathrm{.}17/60$

$4.$ On April $1,2027,$ Sandhill collected cash of $$38,800$ in advance for services to be performed evenly from April $1,2027,$ to March $31,2028.$

$5.$ Sandhill collected $$299,900$ from customers on account.

$6.$ Sandhill bought $$38,600$ of supplies on account.

$7.$ Sandhill paid $$34,300$ on accounts payable.

$8.$ Sandhill reacquired $400$ shares of its common stock on June $1,2027,$ for $$25$ per share.

$9.$ Paid other operating expenses of $$192,900.$

$10.$ On December $31,2027,$ Sandhill declared the annual preferred stock dividend and a $$1\mathrm{.}20$ per share dividend on the outstanding common stock, all payable on January $15,2028.$

$11.$ An account receivable of $$1,600$ which originated in $2026$ is written off as uncollectible.

Adjustment data:

A count of supplies indicates that $$5,300$ of supplies remain unused at year$-$end.

Recorded revenue from item $4$ above.

The allowance for doubtful accounts should have a balance of $$3,400$ at year end.

Depreciation is recorded on the building on a straight$-$line basis based on a $30-$year life and a salvage value of $$9,200.$

The income tax rate is $30\%$ and the taxes remain unpaid at year$-$end. $($Hint: Prepare the income statement up to income before income taxes and multiply by $30\%$ to compute the amount.$)$

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$-4\mathrm{.}13$ PM

$5/4/2025$