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Wildhorse Corporation's comparative balance sheets are presented below. Wildhorse Corporation Comparative Balance Sheets December 31 2025 2024 Cash $14,850 $11.100 Accounts receivable 22,000 23,800
Wildhorse Corporation's comparative balance sheets are presented below. Wildhorse Corporation Comparative Balance Sheets December 31 2025 2024 Cash $14,850 $11.100 Accounts receivable 22,000 23,800 Land 21,000 26,200 Buildings 74,000 74,000 Accumulated depreciation-buildings (15,500) (10,100) Total $116,350 $125,000 Accounts payable $11,750 $31,300 Common stock 77,000 70,000 Retained earnings 27,600 23,700 Total $116,350 $125,000 Additional information: 1. Net income was $23,800. Dividends declared and paid were $19,900. 2. No noncash investing and financing activities occurred during 2025. Total $116,350 $125,000 Accounts payable $11,750 $31,300 Common stock 77,000 70,000 Retained earnings 27,600 23,700 Total $116,350 $125,000 Additional information: 1. Net income was $23,800. Dividends declared and paid were $19,900. 2. 3. No noncash investing and financing activities occurred during 2025. The land was sold for cash of $4,200. (a) Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that -15,000 or in parenthesis e.g. (15,000).) WILDHORSE CORPORATION Statement of Cash Flows-Indirect Method > Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg 15,000 or in parenthesis eg. (15,000).) WILDHORSE CORPORATION Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to > > < > eTextbook and Media
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