Wildhorse Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 47,600 Accounts receivable 61,600 Inventory 116,900 Land 56,000 Equipment 182,000 Accumulated depreciation-equipment (46,200) Total $417.900 Liabilities and Stockholders' Equity Accounts payable $ 27,300 Bonds payable 105,000 Common stock ($1 par) 151,200 Retained earnings 134,400 Total $417.900 2021 $ 15,400 53,200 132,300 70,000 140,000 (22,400) $388,500 $ 30,100 140,000 121,800 96,600 $388,500 Additional information 1 2. 3 4. Net Income for 2022 was $65.100. Depreciation expense was $23.800, Cash dividends of $27.300 were declared and paid. Bonds payable amounting to $35.000 were redeemed for cash $35.000, Common stock was issued for $29.400 cash. No equipment was sold during 2022 Land was sold for its book value, 5 6 Prepare a statement of cash flows for 2022 using the indirect method (Show amounts that decrease cash flow with either one -45,000, or in parenthesise (45,000 Adjustments to reconcile net income to $ Type here to search 11 U eTextbook and Media Assistant car