Condensed financial data of Wildhorse Company for 2017 and 2016 are presented below. WILDHORSE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 2016 Cash $1,760 $1,180 Receivables 1,780 1,280 Inventory 1,610 1,920 Plant assets 1,880 1,660 Accumulated depreciation Long-term investments (held-to-maturity) (1,220) (1,190) 1,310 1,400 $7,120 $6,250 Accounts payable $1,170 $880 Accrued liabilities Bonds payable 190 1,390 1,910 240 1,540 1,730 Common stock Retained earnings 2,460 $7,120 1,860 $6,250 WILDHORSE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $7,020 Cost of goods sold 4,780 Gross margin 2,240 Selling and administrative expenses 910 Selling and administrative expenses 910 Income from operations 1,330 Other revenues and gains Gain on sale of investments Income before tax 1,400 Income tax expense 540 Net income 860 Cash dividends 260 Income retained in business $600 Additional information: During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - parenthesis e.g. (15,000).) WILDHORSE COMPANY Statement of Cash Flows (Indirect Method) Adjustments to reconcile net income to