Wildhorse Ltd. is a private company reporting under ASPE. Its income statement and changes in current assets and current liabilities for the year are reported below WILDHORSE LTD. Income Statement Year Ended December 31, 2021 Sales 5729960 Cost of goods sold 327,300 Gross profit 352660 Operating expenses $238.700 Depreciation expenso 38.500 Gain on sale of equipment 17.700 269,500 Profit before income tax 83,160 Sales $729.960 Cost of goods sold 377.300 352,660 $238,700 Gross proht Operating expenses Depreciation expense Gain on sale of equipment Profit before income tax 38.500 (7.700 269,500 83.160 Income tax expense 23,100 $60.060 Pront Changes in current assets and current liabilities were as follow Accounts receivable $27.720 decrease 14,630 increase Inventory Changes in current assets and current liabilities were as follows: Accounts receivable $27.720 decrease Inventory 14,630 increase Prepaid expenses 1.540 increase 9.240 decrease Accounts payable Dividends payable Income taxes payable 3,850 decrease 3,080 decrease Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es (15,000 Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis es. (15,000)) WILDHORSE LTD Cash Flow Statement (Partial) Year Ended December 31, 2021 Operating Activities Net Income Net Cash Provided by Operating Activities -715 Net Income Net Cash Provided by Operating Activities S Net Cash Provided by Operating Activities