The comparative unclassified statement of financial position for Wildhorse Ltd. follows: WILDHORSELTD. Statement of Financial Position December 31 Assets 2021 2020 Cash $55,000 $20,000 Accounts receivable 88,000 82,000 Inventory 180,000 183,500 Estimated inventory returns 4,000 3,000 73,000 125.000 Long-term investments Equipment 285,000 166,000 Accumulated depreciation (76,000) (32.000) $609,000 5547,500 Total assets Liabilities and Shareholders' Equity $28.000 $ 46,500 Accounts payable 7.000 6,000 Refund liability 164.000 178,000 Bank loan payable (noncurrent) 205.000 179.000 Common shares 205.000 138.000 Retained earnings 5609.000 5547,500 Total liabilities and shareholders' equity Additional information pertaining to 2021: 1. Net income was $98,000. Sales were $974,000. 2 . 3 . . Cost of goods sold was $752,000. 4. Operating expenses were $42,000, exclusive of depreciation expense. 5. Depreciation expense was $44,000. 6. Interest expense was $14,000. 7. Income tax expense was $29,000. 8. Long-term investments were sold at a gain of $5,000. 9. No equipment was sold during the year. 10. $14,000 of the bank loan was repaid during the year. 11. Common shares were issued for $26,000. Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with elthera - signes. -45,000, or in parenthesise.g. (45,000).) WILDHORSE LTD. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to > $ C -/15 E > >