(Solved): Presented here are the financial statements of Wildhorse Company. Additional data: 1. Depreciation ...

Presented here are the financial statements of Wildhorse Company. Additional data: 1. Depreciation expense was \( \$ 15,700 \). 2. Dividends declared and paid were \( \$ 20,460 \). 3. During the year equipment was sold for \( \$ 7,800 \) cash. This equipment cost \( \$ 17,800 \) originally and had accumulated depreciation of \( \$ 10,000 \) at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Commonstock was issued at par for cash.