Question 5 of 7 View Policies Show Attempt History Current Attempt in Progress The comparative statement of financial position for Wildhorse Retailers Ltd. follows: M WILDHORSERETAILERS LTD. State of Financial Position December 31 Assets 2021 2020 Cash $ 0 $ 18,000 Accounts receivable 76,000 49,000 225,000 170,000 Inventory 134,000 167,000 Furniture (28,000) (42,000) Accumulated depreciation $ 407.000 $ 362.000 Total assets O here to search work Hel... Spinbot.com - Artic.. M Inbox - kaushalsidh. 0 - Chapter 13 Course Home Question 5 of 7 2.89/10 Liabilities and Shareholders' Equity Bank overdraft 14.000 $ 0 Accounts payable 67,000 42,000 Bank loan payable (noncurrent) 94,000 105,000 Common shares 54,000 64,000 Retained earnings 178,000 151,000 Total liabilities and shareholders' equity $ 407.000 $ 362,000 Additional information regarding 2021: 1. Net income was $32,000. 2 Depreciation expense was $15,000. 3. During the year, the company did not receive any new bank loans. 4 During the vear the company did not purchase furniture but it call come furniture for CR which resulted in a vain O earch chid=51214981-06f6-4301-9538-780c9b2c5ae2/question/4 ege B Bow Valley College... O Calendar - Sidhant... C Get Homework Hel.. Spinbot.com - Artic. M Inbox - Kaushalih... Course Home - Chapter 13 Question 5 of 7 2.89 / 10 E 4. During the year, the company did not purchase furniture but did sell some furniture for $8,000, which resulted in a gain on disposal of $4,000 No common shares were issued during the year but some were repurchased at the cost at which they were originally 5. issued. 6. During the year, the company paid all dividends declared. (a) Prepare a statement of cash flows using the indirect method for 2021. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis es. (15,000)) WILDHORSE RETAILERS LTD. Statement of Cash Flows o arch e B Bow Valley College.. JUI-550-cbcbae2/question/4 Calendar - Sidhant... Get Homework Hel. Spinbot.com - Artic. MInbox - kaushalsidh... Course Home Chapter 13 Question 5 of 7 2.89 / 10 E WILDHORSE RETAILERS LTD. Statement of Cash Flows ts to reconcile net income to O RE 2 ucation wiley.com/wa/1/2/assessment-player/index.html?launchid=5121498f-0676-4301-9538-780c9b2c5ae2/question/ llege B Bow Valley College O Calendar - Sidhant... C Get Homework Hel Spinbot.com Artic. M Inbox - kaushaidh Course Home 0 - Chapter 13 Question 5 of 7 2.89/10 O earch age Blow Valley College -4301-9538-78022/question/4 O Calendar Sidhant.. Get Homework Het Spinhot.com Artic. Morahadh Care Home Chapter 13 Question 5 of 7 2.89/10 11! >
