severalitems occurring during $2025$ that might affect cash flows from operating activitios:

Wibhorsedeclarad a $$1\mathrm{.}50$ esth dividend. Ten thousand sherss of S$1$ par common swokk were cutstanding at tha dewe of resord.

Wlehorse ravisedits astimate for warranty expsnse. Befor $2025,$ Wildherse's warranyy expense wae O$.5$ is ofits net sales. In $2025,$ this percentage was increased to $0\mathrm{.}7$ K $.$ Nes sales tor $2025$ were $$6\mathrm{.}027,000,$ and the ecerted wyerranty capenge incrased by $$89,000$ during $2025.$

Widharse sold $500$ shares of treasurysteck for $$43$ per share. The shares were orizinelly furchased for $S39$ per shzere.

Depraciation expense is $$154,000.$

Wiohorse issued $2,000$ shares of its $$1$ par commen stack for $=$ buileing. The matket walue of the shares on the date of the transection was $$42$ per thare.

Wilhorse holds $30\%$ ot Windy Company'a commonstodk as a longetorminvestrent Windy Company raportad $593,$ GoO of netincemeand paid dividands of $$34,500$ for $2025.$

Wildhorse purchascd $500$ shares of Microxoff common at syOs per share and clasifed the investment as avallablefor zale. The market price inereased wo $$115$ par chare by the and of the weat

Prepare a schedule that shows the net cash fow from operating activics using the indirect method. Assume noiteme other than those listed above affected the computation of $2025$ net cach flow from operating activit ce $($Show ampunts thut docrease cash flaw with cither a$-$sign eg $-15,000$ or in partathatis e $(15,000)$

WILDHORSE CO$.$

Adjustments to reconcile net income to

$$

$S$

$$

$$

$$

$$

$$

$$

$$

$$

$$