Wildhorse Inc., a greeting card company, had the following statements prepared as of December $31,2020.$

WILDHORSE INC.

COMPARATIVE BALANCE SHEET

AS OF DECEMBER $31,2020$ AND $2019$

$12/31/2012/31/19$

Cash $$5,900$ $$7,100$

Accounts receivable $62,00051,000$

Short$-$term debt investments $($available$-$for$-$sale$)35,00018,100$

Inventory $40,40059,900$

Prepaid rent $5,0004,000$

Equipment $153,300129,100$

Accumulated depreciation$$equipment $(35,000)(24,800)$

Copyrights $46,30050,300$

Total assets $$312,900$ $$294,700$

Accounts payable $$46,500$ $$40,200$

Income taxes payable $4,1006,100$

Salaries and wages payable $8,1004,100$

Short$-$term loans payable $8,00010,100$

Long$-$term loans payable $60,60069,600$

Common stock, $$10$ par $100,000100,000$

Contributed capital, common stock $30,00030,000$

Retained earnings $55,60034,600$

Total liabilities & stockholders$$ equity $$312,900$ $$294,700$

WILDHORSE INC.

INCOME STATEMENT

FOR THE YEAR ENDING DECEMBER $31,2020$

Sales revenue $$338,150$

Cost of goods sold $175,700$

Gross profit $162,450$

Operating expenses $119,400$

Operating income $43,050$

Interest expense $$11,300$

Gain on sale of equipment $2,0009,300$

Income before tax $33,750$

Income tax expense $6,750$

Net income $$27,000$

Additional information:

$1.$ Dividends in the amount of $$6,000$ were declared and paid during $2020.$

$2.$ Depreciation expense and amortization expense are included in operating expenses.

$3.$ No unrealized gains or losses have occurred on the investments during the year.

$4.$ Equipment that had a cost of $$19,800$ and was $70\%$ depreciated was sold during $2020.$

Prepare a statement of cash flows using the direct method. $($Show amounts in the investing and financing sections that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

WILDHORSE INC.

Statement of Cash Flows

choose the accounting period December $31,2020$For the Year Ended December $31,2020$For the Quarter Ended December $31,2020$

Cash Provided by Operating Activities

Cash Received from Customers $ $327,150$

Cash Payments to Suppliers $(175,700+40,200-46,500+40,400-59,900)$ $$-149,900$

Cash Payments for Operating Expenses enter a dollar amount

Cash Payments for Interest $-11,300$

Cash Payments for Income Taxes $(6,100+6,750-4,100)-8,750$

Net Cash Provided by Operating Activities enter a subtotal of the four previous amounts

enter a total amount for section one

Cash Flows from Investing Activities

Purchase of Investments $(18,100-35,000)-16,900$

Sale of Equipment $7,940$

Purchase of Equipment $-44,000$

Net Cash Used by Investing Activities $-52,960$

Net Cash Provided by Financing Activities

Principal Payment on Short$-$term Loan $(10,100-8,000)-2,100$

Principal Payment on Long$-$term $(69,600-60,600)-9,000$

Dividend Payments $-6,000$

Net Cash Used by Financing Activities $-17,100$

enter a total amount for section three

Net Decrease in Cash

Cash at Beginning of Period $7,100$

Cash at End of Period $enter a total of the two previous amounts

Help with the unanswered part please and show worked. Thanks!