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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.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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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: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.
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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