Question
5 of 6 Wildhorse Co.'s comparative balance sheets are presented below. Wildhorse Co. Comparative Balance Sheets December 31 2022 2021 Cash Accounts receivable Land Buildings
5 of 6 Wildhorse Co.'s comparative balance sheets are presented below. Wildhorse Co. Comparative Balance Sheets December 31 2022 2021 Cash Accounts receivable Land Buildings $14,600 $10,300 21,600 23,900 20,500 25,900 70,200 70,200 Accumulated depreciation-buildings (14,500) (10,800 ) Total $112.400 $119,500 Accounts payable $12,000 $31,200 Common stock 74,000 70.300 Retained earnings 26,400 18,000 Total $112.400 $119,500 Additional information: 1. Net income was $22.900. Dividends declared and paid were $14,500. 2 3. No noncash investing and financing activities occurred during 2022 The land was sold for cash of $4,700. Question 5 of 6 -/1 !!! Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g.-15,000, or in parenthesis e.g. (15,000).) Wildhorse Co. Statement of Cash Flows For the Month Ended December 31, 2022 December 31, 2022 For the Year Ended December 31, 2022 Adjustments to reconcile net income to Question 5 of 6
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