Presented here are the financial statements of Wildhorse Company. Additional data: 1. Depreciation experse was...
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Presented here are the financial statements of Wildhorse Company. Additional data: 1. Depreciation experse was $15,700 2. Dividends declared and paid were $20,460. 3. During the year equipment was sold for $7,800 cash. This equipment cost $17,800 originally and had accumulated depreciation of $10,000 at the time of sale. 4. Bonds were redecmed at their carrying value. 5. Common stock was issued at par for cash Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a- sign e.s. 15,000 or in parenthesis e.s. (15.000).) (b) The parts of this queation must be completed in order, This part will be avalable when you complete the part above
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