Pronghorn Corporations balance sheet at the end of 2016 included the following items.

Current assets (Cash $82,000)		$236,440			Current liabilities		$151,440
Land		32,620			Bonds payable		101,440
Buildings		121,440			Common stock		182,620
Equipment		92,620			Retained earnings		46,620
Accum. depr.-buildings		(31,440	)		Total		$482,120
Accum. depr.-equipment		(11,000	)
Patents		41,440
Total		$482,120

The following information is available for 2017.

1.		Net income was $53,950.
2.		Equipment (cost $21,440 and accumulated depreciation $9,440) was sold for $11,440.
3.		Depreciation expense was $5,440 on the building and $10,440 on equipment.
4.		Patent amortization was $2,500.
5.		Current assets other than cash increased by $29,000. Current liabilities increased by $14,440.
6.		An addition to the building was completed at a cost of $28,440.
7.		A long-term investment (Equity) in stock was purchased for $16,000.
8.		Bonds payable of $52,620 were issued.
9.		Cash dividends of $30,000 were declared and paid.
		10 Treasury stock was purchased at a cost of $11,000.

Prepare a statement of cash flows for 2017. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) PRONGHORN CORPORATION Statement of Cash Flows December 31, 2017 Cash Flows from Operating Activities 53950 Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities4 Depreciation Expense Loss on Sale of Equipment Patent Amortization Increase in Current Liabilities 15880 $ 440 14440 increase in Current Assets (Other than Cash) (29000) 42 Net Cash Provided by Operating Activities 496 Cash Flows from Investina Activities