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Exercise 12-9 Here are comparative balance sheets for Wildhorse Co.. 2018 Wildhorse Co. Comparative Balance...

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Exercise 12-9 Here are comparative balance sheets for Wildhorse Co.. 2018 Wildhorse Co. Comparative Balance Sheets December 31 Assets 2019 Cash $ 73,000 Accounts receivable 86,500 Inventory 170,000 Land 72,900 Equipment 261,000 Accumulated depreciation-equipment (66,000) Total $597,400 Liabilities and Stockholders' Equity Accounts payable $ 35,400 Bonds payable 148,800 Common stock ($1 par) 216,500 Retained earnings 196,700 Total $597,400 $ 33,400 70,900 187,000 100,300 200,700 (34,200) $558,100 $ 47,000 203,600 175,300 132,200 $558,100 Additional information: 1. Net Income for 2019 was $101,800. 2. Cash dividends of $37,300 were declared and paid. 2 Bandenshin muntint 5A QA Mamadnamed for each dem Ona 3. Bonds payable amounting to $54,800 were redeemed for cash $54,800. 4. Common stock was issued for $41,200 cash. 5. No equipment was sold during 2019, but land was sold at cost. Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts tha Wildhorse Co. Statement of Cash Flows Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work

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