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Information for statement Statement Current Attempt in Progress...

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Accounting

Information for statement
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Statement
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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

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