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what is the cash paid for interest and cash paid for income tax my answer2242000 and 1888000 is incorrect Wildhorse Technologies Ltd. (WTL) is a
what is the cash paid for interest and cash paid for income tax my answer2242000 and 1888000 is incorrect
Wildhorse Technologies Ltd. (WTL) is a privately held distributor of e-readers and tablets. The Calgary-based company is well established and is currently managed by its founder. Erin Jacobs. The company's financial statements are presented below, together with some additional information. WILDHORSE TECHNOLOGIES LTD. Statement of Financial Position As at December 31 2024 Assets Current assets: Liabilities and shareholders' equity Current liabilities: Accounts payable Wages payable Total current liabilities \begin{tabular}{ccc} $14,042,000 & & $8,260,000 \\ 1,416,000 & & 1,180,000 \\ \cline { 1 - 1 } \cline { 3 - 3 } 15,458,000 & & 9,440,000 \\ 24,780,000 & & 30,680,000 \end{tabular} \begin{tabular}{lcc} \hline Bonds payable & 24,780,000 & 30,680,000 \\ \hline Common shares & 16,520,000 & 10,620,000 \\ \hline Retained earnings & 33,748,000 & 27,848,000 \\ \hline Total liabilities and shareholders' equity & $90,506,000 & $78,588,000 \\ \hline \end{tabular} WILDHORSE TECHNOLOGIES LTD. Other Selected Financial Information for the Year Ended December 31, 2024 1. Total sales in 2024 were consistent with the prior year's, and the company's dividend policy has remained consistent for the past five years. 2. During 2024, WTL sold a piece of equipment for $2,478,000. The equipment had originally cost $2,950,000 and had a net carrying amount of $1,770,000 at the time of sale. 3. On August 1, 2024. WTL's board of directors approved the retirement of bonds with a carrying amount of $5,900,000 through the issuance of common shares. Non-cash investing and financing activities: During the year, the company's board of directors approved the retirement of bonds with a carrying amount of $ through the issuance of common shares Step by Step Solution
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