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Exercise 12-05 The current sections of Pronghorn Corp's balance sheets at December 31, 2021 and 2022, are presented here. Pronghorn Corp's net income for 2022
Exercise 12-05 The current sections of Pronghorn Corp's balance sheets at December 31, 2021 and 2022, are presented here. Pronghorn Corp's net income for 2022 was $183,600 Depreciation expense was $32,400 2022 2021 Current assets $126,000 $118,800 Cash 106,800 96,000 Accounts receivable 201,600 206,400 Inventory 32,400 26,400 Prepaid expenses $456,000 $458,400 Total current assets Current liabilities Accrued expenses payable $18,000 $6,000 Accounts payable 102,000 110,400 $120,000 $116,400 Total current liabilities Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, 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).) Pronghorn Corp Partial Statement of Cash Flows 183600 Net Income Adjustments to reconcile net income to $
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