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The comparative, unclassified statement of financial position for Wildhorse Ltd. shows the following balances at December 31:

Prepare the statement of cash flows using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Assignment WO Question 1 of 1 3.96/6 til The comparative unclassihed statement of financial position for Wildhorse Ltd shows the following balances at December Wildhorse Ltd. Statement of Financial Position December 31 2018 Assets 2017 Cash $21.000 $61,000 0 45.000 Term deposits maturing in das Accounts receivable B0.000 42.000 106.000 72.000 Inventory Land SB 2.000 231.000 911.000 $23.000 Building Accumulated depreciation-building (135.000 190.000 Equipment 107.000 74.000 Accum.te dareciatiunement 146.000 20,000 51.226.000 Sa21000 Totalets Liabilities and Shareholders' Equity Question 1 of 1 3.96/6 $ 29,000 $75,000 2,000 5.000 Liabilities and Shareholders' Equity Accounts payable Income tax payable Interest payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares 21,000 16,000 51,000 40,000 902,000 423,000 163,000 183,000 Retained earnings 58,000 79.000 Total liabilities and shareholders' equity $1,226,000 $821.000 Additional information regarding 2018: 1. 2 Net income was $11,000 A loss of $25,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. A gain on the disposal of $15,000 was recorded when old building was sold for was sold for $40,000 cash. A new building was purchased for $510,000 and depreciation expense on buildings for the year was $42.000, 3 Additional information regarding 2018: 1. 2 3. 4. Net Income was $11,000 A loss of $25,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. A gain on the disposal of $15,000 was recorded when old building was sold for was sold for $40,000 cash. A new building was purchased for $510,000 and depreciation expense on buildings for the year was $42.000. Equipment costing $75,000 was purchased while a loss of $11,000 was recorded on equipment that originally cost $42,000 and was sold for $25.000 The company received $515.000 from new bank loans during the year, Dividends were declared and paid during the year. No common shares were issued during the year but some were bought back and retired at the amount they were originally issued at 5. 6. 7 (a) Wildhorse Ltd. Statement of Financial Position December 31 Assets 2018 2017 Cash $ 41,000 $ 21,000 o 80,000 Term deposits (maturing in 60 days) Accounts receivable 48,000 42.000 Inventory 106,000 72,000 Land 182,000 231,000 911,000 523,000 (190,000) 74,000 Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Total assets Liabilities and Shareholders' Equity Accounts payable (135,000 107.000 (46,000) $1,226,000 (20,000) $821,000 $29.000 $75,000 Lecome cavale Liabilities and Shareholders' Equity Accounts payable 529.000 $ 75,000 Income tax payable 2.000 5,000 21.000 16,000 51,000 40,000 902.000 423.000 Interest payable Bank loan payable-current portion Bank loan payable non current portion Common shares Retained earings Totalities and shareholders equity 163.000 183.000 58,000 79.000 $1.225.000 $821,000 Additional informationregarding 2018: 1 Net income was $11,000 2 A law of $25,000 was recorded on the disposal of a small parcel of land. Notand was purchased during the year 3 Again on the disposal of $15,000 wa recorded when od ng was told for was sold for 140.000 Carwhalding was purchanied for 5510,000 and depreciation expense oblines for the year was $42.000 Lyument conting 375.000 was purchased while of $11.000 warecorded onment that originally cost 342.000 and was said to $25.000 Additional information regarding 2018 3 4 Netcome was $11.000 A low of $25.000 was recorded on the disposal of a small porceland. Noland was purchased during the Apon the disposal of $15.00 was recorded when old building was sold for was sold for $10,000 con A new building win purchased for 510,000 nepreciation expens on buildings for the year 12.000 et contine 575.000w purchased while some of $11,000 w..corded on comment that originally cost $42.000 and woor.000 The company received 515.000 from new and they Dividend were declared uring the No common shares were used during the year but we are the mount they were originally wed 5 4 ca Prestamento cash in the indirect porch. (Show that we can flow with her. 15.000 orionts 115.000

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