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Condensed financial data of Wildhorse Co. follow. Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total Wildhorse Co.

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Condensed financial data of Wildhorse Co. follow. Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total Wildhorse Co. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $543,844 Less: Cost of goods sold $189,644 Operating expenses, excluding depreciation 17,374 Depreciation expense 65,100 Income tax expense 38,192 Interest expense 6,622 Additional information: 1. New plant assets costing $140,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $80,500 and accumulated depreciation of $67,900 were sold for $2,100 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $36,442 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis eg. (15,000).)

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