The following information is available for Wildhorse Co. for the year ended December 31, 2022.

Beginning cash balance		$ 45,900
Accounts payable decrease		3,800
Depreciation expense		165,200
Accounts receivable increase		8,400
Inventory increase		11,200
Net income		289,800
Cash received for sale of land at book value		35,700
Cash dividends paid		12,200
Income taxes payable increase		4,800
Cash used to purchase building		294,800
Cash used to purchase treasury stock		26,500
Cash received from issuing bonds		204,000

Prepare a statement of cash flows using the indirect method.

Please fix errors!

Wildhorse Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 289800 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 165,200 Decrease in Accounts Payable 3800 Increase in Accounts Pavable 8,400 Increase in Inventory 11,200 Increase in Income Taxes Payable 4,800 146,600 Net Cash Provided by Operating Activities 436,400 Cash Flows from Investing Activities Sale of Land 35700 Purchase of Building 294800 Net Cash Provided by Investing Activities 259100 Cash Flows from Financing Activities Purchase of Treasury Stock 26,500 Payment of Dividend 12,200 Issuance of Bonds 204,000 Net Cash Provided by Financing Activities 165,300 Cash Flows from Financing Activities Purchase of Treasury Stock 26,500 Payment of Dividend 12,200 Issuance of Bonds 204,000 Net Cash Provided by Financing Activities 165,300 Net Increase in Cash 342,600 Cash at Beginning of Period 45,900 Cash at End of Period 388,500