Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Wildhorse Corporation's belance shest at the end of 2019 included the following items Gurrentzats Kash $92,000) $236,440 Current liabilitis $151,440 Land 31,130 Bant peable 101,440
Wildhorse Corporation's belance shest at the end of 2019 included the following items Gurrentzats Kash $92,000) $236,440 Current liabilitis $151,440 Land 31,130 Bant peable 101,440 Buildings 121,440 Camman stock 191,130 Equipment 91,130 Retained earnings 45,130 Mooum. depe-buildings 131,440 ) Total $479,140 Mocum. depr-oquipment (11,000) Patent 41,440 Total $479,140 The following information is mailbk Far 2020. 1. 2. 5. Het income wa $57,490. Equipment fost $21,440 and coumubtad depreciation$9,440) wzsold for $11,440. Depreciation experte wa$5,440 on the building and $10,440 on equipment Patent amortization was $2,500. Currentzat other than cash increased by $29,000. Current liabilitis increzed by $14,440. An addition to the building was completed at a cost of $29,440. M long-term investment in stock was purchased for $14,000. Bont payable of $51,130 were woud Cach divident of $30,000 were dobrod and paid Trezory stock we purchzodatacet of $11,000. 7. 9. 10. Prepare a statement of eachflans for 2020. Show amants that decrece how with either - sign c.g. - 15,000 or in parenthesis cs. (15,000 WILDHORSE CORPORATION Statement of Cash Flows Fortle War Ended December 31, 2020 cal FloafroH Operating Adivities Hello S7880 Adjustments to cool Telincome to De predator EXPIX LOISak of Equipe Patent A Horton lucraxli current lotteria liceali current La Nita > >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started