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Wildhorse Inc. Comparative Balance Sheets December 31 begin{tabular}{lrr} Assets & 2024 & 2023 Cash & $100,190 & $60,020 Accounts receivable & 108,870 &
Wildhorse Inc. Comparative Balance Sheets December 31 \begin{tabular}{lrr} Assets & 2024 & 2023 \\ Cash & $100,190 & $60,020 \\ Accounts receivable & 108,870 & 47,120 \\ Inventory & 139,500 & 127,530 \\ Prepaid expenses & 35,220 & 32,240 \\ Long-term investments & 171,120 & 135,160 \\ Property, plant, and equipment & 353,400 & 300,700 \\ Accumulated depreciation & (62,000) & (64,480) \\ Total & $846,300 & $638,290 \\ \hline \hline \end{tabular} Liabilities and Shareholders' Equity Accounts payable $126,48020,460$83,45026,040 Bonds payable 136,400181,040 Common shares 272,800217,000 Retained earnings Total 1. New equipment costing $124,000 were purchased for cash during the year. 2. Old equipment having an original cost of $71,300 and accumulated depreciation of $60,140 were sold for $1,860 cash. 3. Bonds payable matured and were paid off for cash. 4. A cash dividend of $72,697 was declared and paid during the year. 5. Common shares were issued for cash. 6. There were no significant noncash transactions. 7. Prepaid expenses and accrued liabilities relate to operating expenses. Prepare a statement of cash flows using the direct method. (Show a mounts 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-Direct Method $ 4: $
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