Please prepare a Cash Flow Statement

IMAGES ARE COMPLETE PLEASE PREPARE A CASH FLOW STATEMENT IN THE INDIRECT METHOD

You have completed the field workin connection with your audit of Wildhorse Corporation for the year ended December 31,2025. The balance sheet accounts at the beginning and end of the year are shown below. Income taxes payable Accounts payable $92,054305,266$31,192285,600$10,86219,666 Dividends payable Bonds payable- 8% Bonds payable 12% \begin{tabular}{rrr} 71.400 & 0 & 71,400 \\ 127.500 & 0 & 127.500 \\ \hdashline 0 & 102,000 & (102,000) \end{tabular} Allowance for doubtful accounts 36.00640.800(4.794) Accumulated depreciation-buildings 432.480408.00024.480 Accumulated depreciation-machinery 176.460132.60043.860 Premium on bonds payable Commonstock-no per. \begin{tabular}{l|l|l|l|l|l} Paid-incapital in excess of par-common stock & 111.180 & 0 & 111.180 \end{tabular} Retained eamings-unappropriated $2.572.47020.400$2.075.904(459.000)$496.566479.400 Statement of Retained Earnings Your working papers from the audit contain the following information: 1. On April 1, 2025, the existing deficit was written off against paid-in capital created by reducing the stated value of the no-par stock 2. On November 1,2025,30,192 shares of no-par stock were sold for $262,140. The board of directors voted to regard $5 per share as stated capital. 3. A patent was purchased for $15,300 4. During the year, machinery that had a cost basis of $16,728 and on which there was accumulated depreciation of $5,304 was sold for $9,180. No other plant assets were sold during the year. 5. The 12\%, 20-year bonds were dated and issued on January 2, 2013. Interest was payable on June 30 and December 31 . They. were sold originally at 106. These bonds were redeemed at 100.9 plus accrued interest on March 31,2025. 6. The 8\%, 40-year bonds were dated January 1, 2025, and were sold on March 31 at 97 plus accrued interest. Interest is payable semiannually on June 30 and December 31 . Expense of issuance was 5856 . 7. Wildhorse Corporation acquired 708 controlin Crimson Company on January 2, 2025. for $102,000. The income statement of Crimson Company for 2025 shows a net income of $15,300. 8. Major repairs to buildings of $544 were charged to Accumulated Depreciation-Buildings. 9. Interest paid in 2025 was $10,710 and income taxes paid were $34,680, From the informatuon siven, prepareastatement of casp flows using theindirect method. A workohest is not necessary, but the principal computations should be supported by schedul gs or general (edger accounts. The company uses stral ght-line amortization for bond inter Gst: (Round orowers fo 0 deamal ploce, es: 2500. Show omounts that decncase cosh flow with either a-sign esi-15,000 or in porurtheiree (15000) WILDHORSE CORPORATION Statement of Cash Flows (Indirect Method) Cesh Fiows from opereting actlvilies Cash pald Durlng the Yearfor income Taxes 5 Adjustments to reconcile net income to y 5 You have completed the field work in connection with your audit of Wildhorse Corporation for the year ended December 31,2025. The balance sheet accounts at the beginning and end of the year are shown below. Income taxes payable Accounts payable Dividends payable Bonds payable 8% Bonds payable 12% Allowance for doubtful accounts Accumulated depreciation-buildings Accumulated depreciation-machinery Premium on bonds payable Commonstock-nopar Statement of Retained Earnings For the Year Ended December 31, 2025 \begin{tabular}{lclc|} \hline January & 1,2025 & Balance(deficit) & $(459.000) \\ March & 31,2025 & Netincomefor first quarter of 2025 & 25,500 \\ April & 1,2025 & Transferfrom paid-incapital & 433,500 \\ & Balance & 0 \end{tabular} December31,2025Netincomeforlastthreequartersof202591.800 Dividend declared-payable January 21.2026 $20.400(71.400) Balance Your working papers from the audit contain the following information: 1. On April 1, 2025, the existing deficit was written off against paid-in capital created by reducing the stated value of the no-par stock 2. On November 1, 2025, 30,192 shares of no-par stock were sold for $262,140. The board of directors voted to regard $5 per share as stated capital. 3. A patent was purchased for $15,300. 4. During the year. machinery that had a cost basis of $16,728 ard on which there was accumulated depreciation of 55.304 was sold for 59.180. No other plant assets were sold during the year. 5. The 12\%, 20-year bonds were dated and issued on January 2,2013, Interest was payable on June 30 and December 31 . They were sold originally at 106. These bonds were redeemed at 100.9 plus accrued interest on March 31,2025. 6. The 8% 40-year bonds were dated January 1,2025, and were sold on March 31 at 97 plus accrued interest. Interest is payable semiannually on June 30 and December 31. Expense of issuance was 585. 7. Wildhorse Corporation acquired 70% control in Crimson Company on January 2, 2025, for $102,000. The incomestatement of Crimson Company for 2025 shows a net income of $15.300. 8. Major repairs to buildings of $7,344 were charged to Accumulated Depreciation-Euildings. 9. Interest paid in 2025 was $10.710 and income taves paid were $34.680