Wildhorse Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities $61,950 $9,555 9,975 (5,250) (2,310) 3,465 15,435 77,385 3,255 (25,410) (22,155 ) Cash flows from financing activities Issuance of stock 21,000 Payment on long-term note payable (10,500) Payment for dividends (13,650) Net cash used by financing activities (3,150) Net increase in cash 52,080 Cash at beginning of year 13,650 Cash at end of year $65,730 (a) Compute free cash flow for Wildhorse Corporation. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow for Wildhorse Corporation $