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Wildhorse Inc., a greeting card company, had the following statements prepared as of December 31,2025...

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Accounting

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Wildhorse Inc., a greeting card company, had the following statements prepared as of December 31,2025 . Accounts payable $46,300$40,400 Income taxes payable 3,9006,000 Salaries and wages payable 8,1003,900 Short-term loans payable Long-term loans payable Common stock, $10 par Paid-in capital, common stock Retained earnings Total liabilities and stockholders' equity Wildhorse Inc. Income Statement For the Year Ending December 31, 2025 Sales revenue $335,075 Cost of goods sold Grossnrafit 159875 Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2025. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2025 . Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.) (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.s. (15,000).)

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