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You are provided with the following information for Sandhill Co, effective as of its April...

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Accounting

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You are provided with the following information for Sandhill Co, effective as of its April 30, 2022, year-end. InterestexpenseInventoryInvestmentinlandLandMortgagepayable(long-term)Notespayable(short-term)PrepaidinsuranceRetainedearnings(beginning)SalariesandwagesexpenseSalariesandwagespayableSalesrevenueStockinvestments(short-term)48098012,8703,5004,30063701,3008502605,2001,400 Revenues Cost of Goods sold 5 1070.00 Depreciation Expense 315 Income Tax Expense 170 Insurance Expense Interest Expense 480 Salaries and Wages Expense Total Expenses 170 Net Income / (Loss) 5 1935

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