+ Chapter 12 Homework Question 6 of 7 3.6/4 View Police Show Attemat History Current Attempt in Progress - Your answer les partially correct. The following information is available for Wildhorse Co. for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Not Income Cash received for sale of land at bookvale Cash dividends paid Income taxes payable decrease Cash used to purchase and Cash used to redeem bonds Cash racolved tromissuing stock $28.800 6.840 49.200 5.760 3.720 8.640 124.800 45.600 4,680 97 200 79.200 192.000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-signe3.-15,000 or signes in parenthesises (15,0000 Wildhorse Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities 68 640 Net Income Adjustments to reconcile not income to Net Cash Provided by Operating Activities 49200 5760 Depreciation Event Decrease in Accounts Receivable Decreen Inventory Decrease in Income Taxes Payable Increase in Accounts Payable 3720 -1680 6940 60.840 Net Cash Provided by Operating Activities 120480 Cash Flows From Investing Activities Sale of Land 124800 -97200 Purchase of Land NetCash Provided by Investing Actlvities 27800 Cash Flows from Financing Activities Payment of Dividend 45600 Redemption of Bonds -79200 Issuance of Stock Net Cash Provided by Financing Activities 67200 Cash at Beginning of Period 28800 Net Decrease in Cash 224200 Cash and of Purled 250000 eTextbook and Media Save for Later Attempts: 2 of 5used Submit