Question: A thumbs up will be given to the right answer :) Condensed financial data follow for Wildhorse Ltd. Wildhorse reports under ASPE. Additional information: 1.

A thumbs up will be given to the right answer :)

A thumbs up will be given to the right answer :) Condensedfinancial data follow for Wildhorse Ltd. Wildhorse reports under ASPE. Additional information:1. New equipment costing $125,800 was purchased for $37,000 cash and a

Condensed financial data follow for Wildhorse Ltd. Wildhorse reports under ASPE. Additional information: 1. New equipment costing $125,800 was purchased for $37,000 cash and a $88,800 note payable. 2. Equipment with an original cost of $85,100 was sold at a loss of $11,100. 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Cash Flow Statement-Indirect Method $ Adjustments to reconcile profit to Adjustments to reconcile profit to $

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