Prepare a statement of cash flows for Wild horse Company using the direct method.

Presented here are the financial statements of Wildhorse Company. 1. Depreciation expense was $12,250. 2. Dividends declared and paid were $14,000. 3. During the year, equipment was sold for $5,950 cash. This equipment originally cost $12,600 and had accumulated depreciation of $6,650 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and inventory purchases are on account. (a) Prepare a statement of cash flows for Wildhorse Company using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). For Income Taxes For Insurance For Interest For Operating Expenses Net Cash Provided by Financing Activities $ $ +