The combarative balance sheets for Wildhorse Cornoratinn show tha fnllowing information. Additional data related to 2025 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2.500. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $5,000. 4. On January 1,2025, the building was completely destroyed bya flood Insurance proceeds on the bulding were $29990 (net of $2,000 taxes). 5. Debt investments (available-for-sale) were sold at $1,800 above their cost, the company has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $2,100 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. (Show amounts thot decrease cash fow with either a- sign es.-15,000 or in parenthesises (15,000)) WILDHORSE CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Question 13 of 13 110 Supplemental disclosures of cash flow information: 5 5 $ 5 eTextbook and Media Saveror Later Attempts: 0 of 4 used Sobmit Arower The combarative balance sheets for Wildhorse Cornoratinn show tha fnllowing information. Additional data related to 2025 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2.500. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $5,000. 4. On January 1,2025, the building was completely destroyed bya flood Insurance proceeds on the bulding were $29990 (net of $2,000 taxes). 5. Debt investments (available-for-sale) were sold at $1,800 above their cost, the company has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $2,100 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. (Show amounts thot decrease cash fow with either a- sign es.-15,000 or in parenthesises (15,000)) WILDHORSE CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Question 13 of 13 110 Supplemental disclosures of cash flow information: 5 5 $ 5 eTextbook and Media Saveror Later Attempts: 0 of 4 used Sobmit Arower