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Wildhorse Corporation reported the following information (in thousands) at December 31, 2021: Dividends payable Bank loan payable--current portion Bank loan payable-non-current portion Common shares Retained
Wildhorse Corporation reported the following information (in thousands) at December 31, 2021: Dividends payable Bank loan payable--current portion Bank loan payable-non-current portion Common shares Retained earnings 2021 $ 30 240 430 610 790 2020 $ 5 240 265 445 585 Additional information: 1. 2 3. The bank loan was increased by additional borrowings of $370 to partially finance the purchase of new equipment that cost $520. The bank loan was decreased by repayments. Common shares were issued during the year. None were repurchased. The company paid dividends during the year. Net income for the year was $500. Prepare the financing activities section of Wildhorse's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis eg. (15,000)) WILDHORSE CORPORATION Statement of Cash Flows (Partial) retina MacBook Pro 2 3. 4. Common shares were issued during the year. None were repurchased. The company paid dividends during the year. Net income for the year was $500. Prepare the financing activities section of Wildhorse's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign eg -15,000 or in parenthesis e.g. (15,000.) WILDHORSE CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2021 Financing activities V Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $520 by paying $150 cash and issuing a $ bank loan payable
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