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Presented here are the financial statements of Wildhorse Company. Wildhorse Company Comparative Balance Sheets December 31 2025 2024 Assets Cash $ 24,500 $ 14,000 Accounts

Presented here are the financial statements of Wildhorse Company.

Wildhorse Company Comparative Balance Sheets December 31

2025

2024

Assets

Cash

$ 24,500

$ 14,000

Accounts receivable

14,000

9,800

Inventory

19,600

14,000

Property, plant, and equipment

42,000

54,600

Accumulated depreciation

(22,400)

(16,800)

Total

$77,700

$75,600

Liabilities and Stockholders Equity

Accounts payable

$ 13,300

$ 10,500

Income taxes payable

4,900

5,600

Bonds payable

11,900

23,100

Common stock

12,600

9,800

Retained earnings

35,000

26,600

Total

$77,700

$75,600

Wildhorse Company Income Statement For the Year Ended December 31, 2025

Sales revenue

$169,400

Cost of goods sold

122,500

Gross profit

46,900

Selling expenses

$12,600

Administrative expenses

4,200

16,800

Income from operations

30,100

Interest expense

2,100

Income before income taxes

28,000

Income tax expense

5,600

Net income

$ 22,400

Additional data:

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.

NET CASH PROVIDED BY INVESTING ACTIVITIES: ???

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