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Pronghorn Company reported 2020 net income of 5104040 was based on sales of $562000. During 2020, accounts receivable increased by $13.500 and accounts payable Increased

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Pronghorn Company reported 2020 net income of 5104040 was based on sales of $562000. During 2020, accounts receivable increased by $13.500 and accounts payable Increased by $10,000. Depreciation expense was $48,000, cost of goods sold of $207,000, salaries and wages of $158,000, depreciation expense of $48,000, and income tax expense of $44.960. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method Pronghorn Company Statement of Cash Flows (Partial)

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