Wildhorse Corporation reported net cash provided by operating activities of $424.300.netshused by investing activities of $295.000 and net cash provided by financine activities of 532.600 Dividends of 5165 200 wore paid Calculate free cash now. (Show amounts that decrease cash flow with either a stones. 15.000 or in porentheses (15.0001) Free cash flow $ e Textbook and Media The comparative balance sheet for Oriole Adventures Ltd. a private company reporting under ASPE follows: ORIOLE ADVENTURES LTD. Balance Sheet December 31 Assets 2021 Cash $35.690 Accounts receivable 63.080 Inventory 132.800 Prepaid expenses 9.960 Land 41.500 Equipment 224,100 Accumulated depreciation (74.700) Total assets $432,430 Liabilities and Shareholders' Equity Accounts payable $35.690 Dividends payable 6.225 Income taxes payable 2.075 Bonds payable 99.600 Common shares 171.810 Retained earnings 117.030 Total abilities and shareholders equity $432.430 2020 510450 70.550 142.760 4.150 62.250 157,700 133.200) $414.668 $31,540 4,150 4.980 149.400 138,610 85,988 $414668 2 3 4. Additional information: 1 Profit for 2021 was $58.017. Bonds payable of $49,800 were retired at maturity Common shares were issued for $33.200 Land was sold at a loss of $8.300. 5. No equipment was sold during 2021. 6. Net sales for the year were $562740 7 Cost of goods sold for the year was $365,034 8 Operating expenses (not including depreciation expense) were $66,400 9. Interest expense was $4.150. 10. Income tax expense was $19,339 Prepare a cash flow statement using the direct method. (Show amounts that decrease cash flow with either a signes -15,000 or in Prepare a cash flow statement using the direct method. (Show amounts that decrease cash flow with either a sign 6.8.-15,000 or in parenthesis eg. (15,000). ORIOLE ADVENTURES LTD. Cash Flow Statement-Direct Method Year Ended December 31, 2021 Net Cash Used by Investing Activities Net Cash Used by Operating Activities Cash Receipts from Customers 50017 Operating Activities Decrease in Accounts Receivable $ 7470 Decrease in Inventory 9960 v 4150 Increase in Accounts Payable For Operating Expenses Net Cash Provided by Operating Activities Net Cash Provided by Investing Activities $ 20750 Loss on Sale of Land 66400 Purchase of Equipment 43650 Net Cash Used by Investing Activities Net Cash Used by Financing Activities 49800 Redemption of Bonds 33200 Issue of Common Shares Payment of Cash Dividends Net Cash Used by Financing Activities comic 43650 Net Cash Used by Investing Activities Net Cash Used by Financing Activities Redemption of Bonds $ 49800 V 33200 Issue of Common Shares Payment of Cash Dividends Net Cash Used by Financing Activities 20232 Net Increase in Cash 10458 Cash, January 1 Cash. December 31 e Textbook and Media