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Wildhorse Co's comparative balance sheets are presented below. 2018 Wildhorse Co. Comparative Balance Sheets December 31 2019 Cash $ 14,600 Accounts receivable 21,600 Land 20,500
Wildhorse Co's comparative balance sheets are presented below. 2018 Wildhorse Co. Comparative Balance Sheets December 31 2019 Cash $ 14,600 Accounts receivable 21,600 Land 20,500 Buildings 70,200 Accumulated depreciation-buildings (14,500) Total $112,400 $ 10,300 23,900 25,900 70,200 (10,800) $119,500 $ 12,000 Accounts payable Common stock Retained earnings Total 74,000 26,400 $ 28,200 73,300 18,000 $119,500 $112,400 Additional information: 1. Net income was $22,900. Dividends declared and paid were $14,500. Additional information: 1. 2. Net income was $22,900. Dividends declared and paid were $14,500. No noncash investing and financing activities occurred during 2019. The land was sold for cash of $4,700. 3. Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000, or in parenthesis eg. (15,000).) Wildhorse Co. Statement of Cash Flows $ Adjustments to reconcile net income to $ Statement of Cash Flows V $ Adjustments to reconcile net income to $ HP PTF- $ $
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