otal counts payable mmon stock ained earnings Total itional information: $133,100 $140.600 $12.500 75.500 45,100 $133.100 $31.900 68,000 40.700 $140,600 Net income was $23,800. Dividends declared and paid were $19.400 No noncash investing and financing activit es occurred during 2025 The land was sold for cash of $4,700.
otal counts payable mmon stock ained earnings Total itional information: $133,100 $140.600 $12.500 75.500 45,100 $133.100 $31.900 68,000 40.700 $140,600 Net income was $23,800. Dividends declared and paid were $19.400 No noncash investing and financing activit es occurred during 2025 The land was sold for cash of $4,700.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sandhill Corporation's comparative balance sheets are presented below.
Sandhill Corporation
Comparative Balance Sheets
December 31
Cash
Accounts receivable
Land
Buildings
Accumulated depreciation-buildings
Total
Accounts payable
Common stock
Retained earnings
Total
Additional information:
1
2
3.
(a)
2025
$15,100
22,000
21.000
90.000
(15.000)
$133,100
$12.500
75.300
45,100
2024
$10,900
23,900
27,700
90,000
(11.900)
$140,600
$31,900
68,000
40.700
$133.100 $140,600
Net income was $23,800. Dividends declared and paid were $19.400.
No noncash investing and financing activit es occurred during 2025
The land was sold for cash of $4,700.
4
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 eg. (15,000))
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