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The following are comparative balance sheets for Wildhorse Company. Additional information: Net income for...

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Accounting

The following are comparative balance sheets for Wildhorse Company.
Additional information:
Net income for 2027 was $111,600.
Depreciation expense was $40,800.
Cash dividends of $46,800 were declared and paid.
Bonds payable amounting to $60,000 were redeemed for cash $60,000.
Common stock was issued for $50,400 cash.
No equipment was sold during 2027.
Land was sold for its book value.
Prepare a statement of cash flows for 2027 using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g.
-45,000, or in parenthesis e.g.(45,000)).
Net Cash Provided by Operating Activities
Cash Flows from Investing Activities
Sale of Land
Purchase of Equipmen
Net Cash Used by Investing Activities
Cash Flows from Financing Activities
Payment of Cash Dividends
Redemption of Bonds
Issuance of Common Stock
Net Cash Used by Financing Activities
Net Increase in Cash
Cash at Beginning of Period
Cash at End of Period
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