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The current sections of Wildhorse Rentals balance sheets at December 31, 2021, and 2020, are presented here. Wildhorse profit for 2021 was $143,820. Depreciation expense

The current sections of Wildhorse Rentals balance sheets at December 31, 2021, and 2020, are presented here. Wildhorse profit for 2021 was $143,820. Depreciation expense was $22,560.

2021 2020
Current assets
Cash $98,700 $93,060
Accounts receivable 103,400 83,660
Inventory 148,520 161,680
Prepaid expenses 25,380 20,680
Total current assets $376,000 $359,080
Current liabilities
Accrued expenses payable $14,100 $4,700
Accounts payable 79,900 86,480
Total current liabilities $94,000 $91,180

Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31, 2021, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

WILDHORSE RENTALS Cash Flow Statement (Partial) Year Ended December 31, 2021December 31, 2021Month Ended December 31, 2021

Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities

Increase in InventoryPayments for TaxesDecrease in InventoryPayments to SuppliersDepreciation ExpenseDecrease in Prepaid ExpensesPayments for Operating ExpensesCollections from CustomersDecrease in Accrued Expenses PayableDecrease in Accounts ReceivableDecrease in Accounts PayableIncrease in Accrued Expenses PayableProfitIncrease in Accounts PayableIncrease in Prepaid ExpensesIncrease in Accounts Receivable

$

Adjustments to reconcile profit to

Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities

Decrease in Accrued Expenses PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableIncrease in InventoryDecrease in Prepaid ExpensesIncrease in Accrued Expenses PayableCollections from CustomersProfitIncrease in Prepaid ExpensesDepreciation ExpenseDecrease in Accounts PayablePayments to SuppliersDecrease in InventoryPayments for TaxesPayments for Operating ExpensesIncrease in Accounts Payable

$

Decrease in InventoryPayments to SuppliersDecrease in Accounts ReceivableIncrease in Accounts ReceivablePayments for Operating ExpensesPayments for TaxesDecrease in Accrued Expenses PayableDecrease in Accounts PayableIncrease in InventoryIncrease in Accrued Expenses PayableCollections from CustomersProfitDecrease in Prepaid ExpensesDepreciation ExpenseIncrease in Accounts PayableIncrease in Prepaid Expenses

Decrease in InventoryPayments for Operating ExpensesPayments for TaxesIncrease in Prepaid ExpensesIncrease in Accrued Expenses PayableIncrease in Accounts PayableDecrease in Accounts ReceivableCollections from CustomersDecrease in Prepaid ExpensesDepreciation ExpenseDecrease in Accounts PayablePayments to SuppliersDecrease in Accrued Expenses PayableIncrease in Accounts ReceivableIncrease in InventoryProfit

ProfitIncrease in InventoryIncrease in Prepaid ExpensesDecrease in Accrued Expenses PayableIncrease in Accounts ReceivableDecrease in Prepaid ExpensesDepreciation ExpensePayments to SuppliersIncrease in Accrued Expenses PayableDecrease in InventoryDecrease in Accounts ReceivableDecrease in Accounts PayableCollections from CustomersPayments for TaxesPayments for Operating ExpensesIncrease in Accounts Payable

Payments for Operating ExpensesDecrease in Accounts ReceivableDecrease in Accounts PayableDecrease in Prepaid ExpensesDecrease in InventoryIncrease in Prepaid ExpensesIncrease in Accounts ReceivableCollections from CustomersDecrease in Accrued Expenses PayableDepreciation ExpenseIncrease in InventoryIncrease in Accounts PayableIncrease in Accrued Expenses PayablePayments to SuppliersProfitPayments for Taxes

Decrease in Accrued Expenses PayableIncrease in Accounts PayableDecrease in Accounts ReceivablePayments for Operating ExpensesDepreciation ExpenseDecrease in Accounts PayableIncrease in Accrued Expenses PayableDecrease in InventoryIncrease in Prepaid ExpensesIncrease in Accounts ReceivableIncrease in InventoryProfitPayments to SuppliersPayments for TaxesCollections from CustomersDecrease in Prepaid Expenses

Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities

$

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