Pronghorn Company Income Statement For the Year Ended December 31, 2025 5ales revenue 5774,400 Cert of goods sold Gross profit Seling expenses 557,600 Adminisurative expenses 19.200 560.000 Income from operations 214,400 interest expense Income before income taxes income takexpense Net income $102.400 Addutional data: Additional deta: 1. Depreciation cipense was $56000. 2. Dividends declared and paid were $64,000 3. During the year, equipment was sold for $27,200 cash This eouloment oniginaly cost 557700 and had acoumulated depreciacion of $30,400 at the time of sale. 4. Bonds were redeemed at their carryins value. 5. Commonstock was issued at par for canh (a) Your arswer is carrect or in parenthess es (15,000)} PRONGHORN COMPANY Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2025 Canh Flows from Operating Activities Net income $ 102400 Adjustments to reconcile net income to Net Cash Provided by Operatine Activities Compute free cash flow. (Show amounts that decrease free cash flow with either a-sign eg. 15,000 or in parenthesis eg. (15,000)). Free cash flow