Prepare a statement of cash flows for 2025 for Wildhorse Corporation. (Show amounts that decrease cash flow with either a-sign es -15,000 or in parenthesis eg. (15,0001) Wildhorse Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Decrease in Accounts Payable Cash Flows from Investing Activities Purchase of Equipment Sale of Land Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Issued common stock to retire $ of bonds outstanding 7000 A comparative balance sheet for Wildhorse Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,870 $22,000 Accounts receivable 83,730 67,860 Inventory 181,730 190,860 Land 72,730 111,860 Equipment 261,730 201,860 Accumulated depreciation-equipment (70,730) (43,860) Total $602,060 $550,580 Liabilities and Stockholders' Equity Accounts payable $35,730 $48,860 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 202,330 137,720 Total $602,060 $550,580 Additional information: 1. Net income for 2025 was $128,460. No gains or losses were recorded in 2025. 2. Cash dividends of $63,850 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock.
Prepare a statement of cash flows for 2025 for Wildhorse Corporation. (Show amounts that decrease cash flow with either a-sign es -15,000 or in parenthesis eg. (15,0001) Wildhorse Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Decrease in Accounts Payable Cash Flows from Investing Activities Purchase of Equipment Sale of Land Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Issued common stock to retire $ of bonds outstanding 7000 A comparative balance sheet for Wildhorse Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,870 $22,000 Accounts receivable 83,730 67,860 Inventory 181,730 190,860 Land 72,730 111,860 Equipment 261,730 201,860 Accumulated depreciation-equipment (70,730) (43,860) Total $602,060 $550,580 Liabilities and Stockholders' Equity Accounts payable $35,730 $48,860 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 202,330 137,720 Total $602,060 $550,580 Additional information: 1. Net income for 2025 was $128,460. No gains or losses were recorded in 2025. 2. Cash dividends of $63,850 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Prepare a statement of cash flows for 2025 for Wildhorse Corporation. (Show amounts that decrease cash flow with either a-sign es
-15,000 or in parenthesis eg. (15,0001)
Wildhorse Corporation
Statement of Cash Flows
For the Year Ended December 31, 2025
Cash Flows from Operating Activities
Net Income
Adjustments to reconcile net income to
Depreciation Expense
Increase in Accounts Receivable
Decrease in Inventory
Decrease in Accounts Payable
Cash Flows from Investing Activities
Purchase of Equipment
Sale of Land
Net Cash Used by Investing Activities
Cash Flows from Financing Activities
Payment of Cash Dividends
Issued common stock to retire $
of bonds outstanding
7000
Transcribed Image Text:A comparative balance sheet for Wildhorse Corporation is presented as follows.
December 31
Assets
2025
2024
Cash
$72,870
$22,000
Accounts receivable
83,730
67,860
Inventory
181,730
190,860
Land
72,730
111,860
Equipment
261,730
201,860
Accumulated depreciation-equipment
(70,730) (43,860)
Total
$602,060 $550,580
Liabilities and Stockholders' Equity
Accounts payable
$35,730
$48,860
Bonds payable
150,000
200,000
Common stock ($1 par)
214,000
164,000
Retained earnings
202,330
137,720
Total
$602,060
$550,580
Additional information:
1.
Net income for 2025 was $128,460. No gains or losses were recorded in 2025.
2.
Cash dividends of $63,850 were declared and paid.
3.
Bonds payable amounting to $50,000 were retired through issuance of common stock.
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