ADDITIONAL INFORMATION:

Depreciation expense is included in "operating expenses." All accounts payable transactions were related to the purchase of

inventory.

During the year, a piece of equipment that originally cost $$45,700$ was sold for cash. The equipment was $70\%$ depreciated at

the time of the sale.

Long$-$term investments were purchased for cash during the year. Prepare a statement of cash flows, in good form, for Wildhorse Inc., using the direct method. Wildhorse Inc. follows ASPE. $($Show

amounts that decrease cash flow with either a negative sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Wildhorse Inc.

Statement of Cash Flows

$ Attempts: $0$ of $3$ usedWildhorse Inc. reported the following information at the end of its $2023$ fiscal year