Wildhorse Ltd. is a private company reporting under ASPE. Its income statement and changes in current assets and current liabilities Prepare the operating activities section of the cash flow statement 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).) Decrease in Accounts Payable 12240 Decrease in Income Tax Payable 5100 Gain on Sale of Equipment 4080 Payments for Operating Expenses \begin{tabular}{r|} \hline 21420 \\ \hline \end{tabular} Net Cash Provided by Operating Activities.

1. Wildhorse Ltd. is a private company reporting under ASPE. Its income statement and changes in
current assets and current liabilities
Prepare the operating activities section of the cash flow statement 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).)
Decrease in Accounts Payable 12240 Decrease in Income Tax Payable 5100 Gain on Sale of
Equipment 4080 Payments for Operating Expenses begin{tabular}{r|} hline 21420 hline
end{tabular} Net Cash Provided by Operating Activities