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just need help with part B Wildhorse Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37,100 $20,100 Accounts receivable 32,900 19,500 Inventory 29,900
just need help with part B Wildhorse Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37,100 $20,100 Accounts receivable 32,900 19,500 Inventory 29,900 20,900 Property, plant, and equipment 59.700 77,500 Accumulated depreciation (29,100) (23,400) Total $130,500 $114,600 Liabilities and Stockholders' Equity Accounts payable $28,300 $17,000 Income taxes payable 7,000 8,400 Bonds payable 27,300 33,600 Common stock 17,200 14,600 Retained earnings 50,700 41,000 Total $130,500 $114,600 Wildhorse Company Question 11 of 12 0.5/1 For the Year Ended December 31, 2022 $241,100 176,400 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses 64.700 $17.550 5,850 23,400 Income from operations 41.300 3,600 Interest expense Income before income taxes 37,700 Income tax expense 7.540 Net income $30,160 Additional data: 1. Depreciation expense was $15.700. 2. Dividends declared and paid were $20,460. 3. During the year equipment was sold for $7,800 cash. This equipment cost $17.800 originally and had accumulated depreciation of $10,000 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. 0. Wildhorse Company Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 30160 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 15700 Decrease in Income Taxes Payable - 1400 Increase in Inventory 9000 Increase in Accounts Payable 11300 Increase in Accounts Receivable - 13400 3200 Net Cash Provided by Operating Activities 33360 deshalom wat in 0.5/1 HI! Cash Flows from Investing Activities Sale of Equipment 7800 Net Cash Provided by Investing Activities 7800 Cash Flows from Financing Activities Redemption of Bonds -6300 Issuance of Common Stock 2600 Payment of Dividends 20460 Net Cash Used by Financing Activities -24160 Net Increase in Cash 17000 Cash at Beginning of Period 20100 37100 Cash at End of Period (b) * Your answer is incorrect. Compute free cash flow. (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.s. (15,000). Free cash flow 33,360
just need help with part B
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