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Pronghorn Inc. had the following condensed balance sheet at the end of operations for 2016. Pronghorn INC. BALANCE SHEET DECEMBER 31, 2016 Cash $8,300 Current

Pronghorn Inc. had the following condensed balance sheet at the end of operations for 2016.
Pronghorn INC.
BALANCE SHEET
DECEMBER 31, 2016
Cash$8,300Current liabilities$15,400
Current assets other than cash28,800Long-term notes payable26,100
Equity investments19,500Bonds payable25,000
Plant assets (net)69,100Common stock73,200
Land39,900Retained earnings25,900
$165,600$165,600
During 2017, the following occurred.
(a)
Pronghorn Inc. sold part of its investment portfolio for $13,100. This transaction resulted in a gain of $4,900 for the company. No unrealized gains or losses were recorded on these investments in 2017.
(b)Dividends totaling $9,100 were paid to stockholders.
(c)Atract of land was purchased for $11,800.
(d)Net income was $34,400 after allowing depreciation of $13,300.
(e)Bonds payable in the amount of $10,800 were redeemed at par.
(f)
Land was purchased through the issuance of $22,600 in bonds.
(g)An additional $10,000 in common stock was issued at par.
(h)Both current assets (other than cash) and current liabilities remained at the same amount.

Prepare a statement of cash flows for 2017 using the indirect method.

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