Question: Prepare a statement of cash flows using the indirect method The following information is available for Wildhorse Co. for the year ended December 31, 2022.

Prepare a statement of cash flows using the indirect method The following information is available for Wildhorse Co. for the year ended

December 31, 2022. Beginning cash balance $54,000 Accounts payable decrease 4.440 Depreciation

The following information is available for Wildhorse Co. for the year ended December 31, 2022. Beginning cash balance $54,000 Accounts payable decrease 4.440 Depreciation expense 194,400 Accounts receivable increase 9,840 Inventory increase 13,200 Net income 340,920 Cash received for sale of land at book value 42,000 Cash dividends paid 14.400 Income taxes payable increase 5,640 Cash used to purchase building 346,800 Cash used to purchase treasury stock 31,200 Cash received from issuing bonds 240,000

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