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begin{tabular}{lrr} Liabilities and Stockholders' Equity & & cline { 1 - 1 } Accounts payable & $326,400 & $215,360 Accrued expenses payable &

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\begin{tabular}{lrr} Liabilities and Stockholders' Equity & & \\ \cline { 1 - 1 } Accounts payable & $326,400 & $215,360 \\ Accrued expenses payable & 52,800 & 67,200 \\ Bonds payable & 352,000 & 467,200 \\ Common stock & 704,000 & 560,000 \\ Retained earnings & 748,800 & 337,440 \\ \hline Total & $2,184,000 & $1,647,200 \\ \hline \end{tabular} Additional information: 1. New plant assets costing $320,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $184,000 and accumulated depreciation of $155,200 were sold for $4,800 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $83,296 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions: Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign es, -15,000 or in porenthesises. (15,000)) Condensed financial data of Pronghorn Inc. follow

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