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You have completed the field workin connection with your audit of Wildhorse Cor porstion for theyear ended December 31,2025. The balance sheet accounts at the

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You have completed the field workin connection with your audit of Wildhorse Cor porstion for theyear ended December 31,2025. The balance sheet accounts at the beginning and end of the year are shown below. Statement of Retained Earnings For the Year Ended December 31, 2025 Your working papers from the audit contain the following information: 1. On April 1, 2025, the existing deficit was written off against paid-in capital created by reducing the stated value of the no-par stock 2. On November 1, 2025,30,192 shares of no-par stock were sold for 5262,140 . The board of directors voted to regard 55 per share as stated capital. 3. A patent was purchased for $15,300. 4. During the year, machinery that had a cost basis of $16.728 and on which there was accumulated depreciation of $5,304 was sold for $9,180 No other plant assets were sold during the year. 5. The 1296, 20-year bonds were dated and issued on January 2, 2013. Interest was payable on June 30 and December 31 . They were sold originally at 106 . These bonds were redemed at 100.9 plus accrued interest on March 31, 2025. 6. The 8%,40-year bonds were dated January 1, 2025. and were sold on March 31 at 97 plus acerued interest. Interest is payabie semiannually on June 30 and December 31 . Expense cf issuance was $856. 7. Wilohorse Corporation acquired 70 ; control in Crimson Company on January 2, 2025, for $102,000. The income statement of Crimson Company for 2025 shows a nat income of $15.300. 8. Major repairs to bulloings of 57,344 werecharged to Accumulated Depreciation-Buildingti. 9. Interest paid li 2025 was 510710 and income tamse pald whre 534.680 . From zha informationgiven prepars a statsment of cazh fows using theindirect method, A workshast ia not necesagry, but the porentheises (1sionow)

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