Wildhorse Inc. is a private company reporting under ASPE. The following selected account balances were reported in Wildhorse Inc's financial statements at year end: 2021 2020 Cash $ 18,750 $ 8,500 Buildings 840,000 735,000 Equipment 397,000 345,000 Land 95,000 52.500 305,000 290.000 Accumulated depreciation-buildings 125,000 93,500 Accumulated depreciation equipment 6.250 2,700 Dividends payable 545.000 585,000 Mortgage payable 340,000 309.000 Notes payable 539,000 410.000 Common shares: 5,400 shares in 2021: 4,000 in 2020 201.000 102.000 2C Cloudy ) ENG Mortgage payable 545,000 585,000 Notes payable 340,000 309,000 Common shares: 5,400 shares in 2021; 4,000 in 2020 539.000 410.000 201.000 102.000 Retained earnings 25,000 10,000 Cash dividends declared 24,500 40,000 Depreciation expense-buildings 47.505 25,650 Depreciation expense-equipment 900 0 Gain on sale of equipment 9.500 0 Loss on sale of building 48.250 44.150 Interest expense Additional information: 1. Purchased $75,000 of equipment for $10,000 cash and a note payable for the remainder. 2. Equipment was also sold during the year. 3. Sold a building that originally cost $50,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash. Your answer is partially correct. Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis e.g. (15,000).) WILDHORSE INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 01:57 WILDHORSE INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 Investing Activities Sale of Equipment ta Sale of Building Purchase of Land Purchase of Building Purchase of Equipment $ Net Cash Used by Investing Activities X Your answer is incorrect. What was the amount of profit reported by Wildhorse Inc. in 2021? $ Amount of profit e Textbook and Media U.S = Determine the amount of any cash inflows or outflows related to financing activities in 2021. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a-signe.g. -15,000 or in parenthesis eg. (15,000).) WILDHORSE INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 Financing Activities Repayment of Note Repayment of Mortgage NON Payment of Cash Dividends Issuance of Common Shares V X Your answer is incorrect. Identify and determine the amount of any noncash financing activities in 2021. Equipment costing $ was acquired by paying $ cash and issuing a note pa