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The current sections of Wildhorse Co's balance sheets at December 31, 2018 and 2019, are presented here. Wildhorse's net income for 2019 was $152,300. Depreciation
The current sections of Wildhorse Co's balance sheets at December 31, 2018 and 2019, are presented here. Wildhorse's net income for 2019 was $152,300. Depreciation expense was $24,800. 2019 2018 Current assets Cash Accounts receivable Inventory Prepaid expenses Total currents Current liabilities Accrued expenses payable Accounts payable Total current liabilities $102,100 108,100 157.100 26,500 $393,800 $96,100 80,600 171,500 26,000 $374,200 $14,400 85,500 $99.900 $8,300 95,600 $103.900 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, using the indirect method. (Show amounts that decrease cash flow with either a-signes -15,000 br in parenthesia eg. (15,000).) Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, using the indirect method. (Show amounts that decrease cash flow with either a signes -15.000 or in parenthesis e... (15,0001) Wildhorse Co. Partial Statement of Cash Flows For the Year Ended December 31, 2019 Cash Flows from Operating Activities Net Income 152,300 Adjustments to reconcile net income to Net Casi d by Operating Activities Depreciation Expense $ Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Accrued Expenses Payable 6.100 Decrease in Accounts Payable $ Net Cash Provided by Operating Activities
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