Wildhorse Co. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings Totals 2017 $54,190 61,960 43,830 6,040 54,900 201,930 (20,820) 182,690 (27,360) $557,360 2016 $36,090 21,880 -0- 3,990 70,260 201,930 (13,880) 68,400 (10,090) $378,580 Change Increase/Decrease $18,100 Increase 40.080 Increase 43,830 Increase 2,050 Increase 15,360 Decrease -O- 6,940 Increase 114,290 Increase 17,270 Increase $43,400 99,340 230,940 183.680 $557,360 $39.810 9,920 149,580 59,810 119.460 $378,580 $3,590 Increase 9.920 Decrease 50,240 Decrease 171,130 Increase 64,220 Increase Wildhorse Co. Income Statement For the Year Ended December 31, 2017 Sales revenue $936,670 Cost of goods sold $478,040 Operating expenses 229,760 Interest expense 11.900 Loss on disposal of equipment 1.990 721,690 Income before income taxes 214,980 Income tax expense 65.3.80 Net income $149.600 Additional information: 1. Operating expenses include depreciation expense of $39.720 2. Land was sold at its book value for cash 3. Cash dividends of $85.380 were declared and paid in 2017 Equipment with a cost of $165.510 was purchased for cash. Equipment with cost of $51220 and a book value of 535.710 was sold for $33.720 cash 5. Bonds of $50,240 were redeemed at their face value for cash 6. Common stock (51 prof $171.130 was issued for cash Show amounts that decrease cash flow with either a signes Use this information to prepare a statement of cash flows in the indirect metro - 15,000 or in parenthesis es. (15.000)