Pronghorn Corporation had the following 2020 income statement.

Sales revenue		$195,000
Cost of goods sold		115,000
Gross profit		80,000
Operating expenses (includes depreciation of $20,000)		53,000
Net income		$27,000

The following accounts increased during 2020: Accounts Receivable $13,000, Inventory $12,000, Accounts Payable $14,000. Prepare the cash flows from operating activities section of Pronghorns 2020 statement of cash flows using the indirect method.

Pronghorn Corporation Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating Activities 27000 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation expense Increase in Accounts Receivable X Increase in Inventory X Increase in Accounts Payable Net Cash Provided by Operating Activities