-Your answer is partially correct The comparative balance sheets for Wildhorse Co.as of December 31 are presented below Wildhorse Co. Comparative Balance Sheets December 31 2016 Assets 2017 $93,364 $61,785 68,650 79,634 207,941 194,966 20,979 28,833 199,085 178490 274,600 274,600 Cash Accounts receivable Inventory Prepaid expenses Land Buildings (82,380) (54,920) Equipment Accumulated depreciation-equipment (61,785) (48055) Total 308,925 212,815 1,029,379 $928,148 Liabilities and Stockholders'Equity $61,414 $ 49,428 411,900 411,900 274,600 219,680 Accounts payable Bonds payable Common stock, $1 par Total $1,029,379 $928,148 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $61,414 $49 428 411,900 411,900 274,600 219,680 281465 247,140 $1,029,379 $928,148 Additional information 1. Operating expenses include depreciation expense of $57,666. 2. Land was sold for cash at book value. 3. Cash dividends of $16,476 were paid. 4. Net income for 2017 was $50,801 5. Equipment was purchased for $126,316 cash In addition, equipment costing $30.206 with a book value of $13,730 was sold for $10,984 cash exchange for land wit afair value f 54920 6 54,920 shares of $1 par value common stock were issued in Prepare a statement of cash flows for the year ended December 31, 2017,using the indirect method. (Show -15,000 or in parenthesis es. (15,000)) amounts that decrease cash fow with either a -sign es Wildhorse Co. Statement of Cash Flows Cash Flows from Operating Activities 11986 78261 129062 10984 34325 126975 81007 16476 31579 61785 93344 339131