The red is incorrect, i will upvote.

The comparative unclassified statement of financial position for Wildhorse Ltd, follows: Additional information pertaining to 2024: 1. Net income was $103,400. 2. Sales were $972,000. 3. Cost of goods sold was $750,000. 4. Operating expenses were $42,000, exclusive of depreciation expense. 5. Depreciation expense was $41,000. 6. Interest expense was $19,000. 7. Income tax expense was $22,000. Long-term investments were sold at a gain of $5,400. These investments are carried at their cost, so gains and losses on 8. these investments are recorded only when the investments are sold. 9. No equipment was sold during the year. 10. $75,500 of the bankloan was repald during the year. 11. Common shares were issued for $45,000. Prepare a statement of cash flows using the indirect method. (Show amounts that decreose cosh flow with either asizncg45,000, or in parenthesis es. (45,000), WILDHORSELTD. Statement of Cash Flows-Indirect Method For the Year Ended December 31,2024 4103400 Adjustments to reconcile net income to Net Cash Provded by Operating Activities \begin{tabular}{|c|c|c|} \hline Depreclation Expense & s & 41000 \\ \hline Gain cn Sale of Lons-term Investments & & .5400 \\ \hline Increase in Accounts Receivible & & 12500 \\ \hline Decresse in inventory & & 15000 \\ \hline Increase in Estimated Inventory Recurna & y & 3000 \\ \hline Decrease in Accounts Payable: & & 6000 \\ \hline Increase in Refund Llability & & 3000 \\ \hline \end{tabular} Nat Cash Provided by Operating Activities CashFlows from Investing Activites Proccedsfrom Sule of Lonsterminvestmants $ 37400 Purchase of Equipinent 102000 Cash Flows from Investing Activities Proceeds from Sale of Long-term Investments $ 37400 Purchase of Equipment 102000 Net Cash Used by Investing Activities .64600 Cash Flows from Financing Activities Repayment of BankLoan. $ .75500 Issue of Common Shares 45000 Payment of Cash Dividends Net Cash Used by Financing Activities Net increase in Cash Cish and cash equivalents, January 1. Cash and cashequivalents, December 31 s