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ework Question 4 of 5 < View Policies Current Attempt in Progress The 2020 accounting records of Wildhorse Co. reveal these transactions and events.
ework Question 4 of 5 < View Policies Current Attempt in Progress The 2020 accounting records of Wildhorse Co. reveal these transactions and events. Payment of interest $ 10,200 Collection of accounts receivable $189,800 Cash sales 49,300 Payment of salaries and wages 57,700 Receipt of dividend revenue 17,800 Depreciation expense 15,600 Payment of income taxes 16,700 Proceeds from sale of vehicles 12,900 Net income 38,700 Purchase of equipment for cash 21,100 Payment of accounts payable Loss on sale of vehicles 3,700 for merchandise 115,400 Payment of dividends 13,900 Payment for land 74,500 Payment of operating expenses 27,700 -/2 Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow wit either a sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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