Pronghorn Limited Comparative Statement of Financial Position As at December 31 2023 2022 Cash $20,000 $12.200...

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Pronghorn Limited Comparative Statement of Financial Position As at December 31 2023 2022 Cash $20,000 $12.200 Accounts receivable 33,200 24,900 Inventory 19.500 29,250 Prepaid insurance 2,440 1.950 Equipment 99,490 87,750 Accumulated depreciation-equipment (22,000) (12,200) Total assets $152,630 $143,850 Accounts payable $22,430 $19.500 Salaries and wages payable 3,900 1,950 Interest payable 1,950 2,930 Income tax payable 3,900 4,880 Bank loans 29,250 33,610 Common shares. 63,400 63,400 Retained earnings 27,800 17,580 Common shares 63,400 63,400 Retained earnings 27,800 17,580 Total liabilities and shareholders' equity $152,630 $143,850 Additional information: Net income for the fiscal year was $13.150. Equipment that cost $9.750 was sold for a gain of $975 during 2023. The equipment's accumulated depreciation was $6,825. Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a-sign es.-15,000 or in parenthesis eg. (15,000).) Cash at Beginning of Year Pronghorn Ltd. Statement of Cash Flows (Indirect method) For the Year Ended December 31, 2023 Pronghorn Limited Comparative Statement of Financial Position As at December 31 2023 2022 Cash $20,000 $12.200 Accounts receivable 33,200 24,900 Inventory 19.500 29,250 Prepaid insurance 2,440 1.950 Equipment 99,490 87,750 Accumulated depreciation-equipment (22,000) (12,200) Total assets $152,630 $143,850 Accounts payable $22,430 $19.500 Salaries and wages payable 3,900 1,950 Interest payable 1,950 2,930 Income tax payable 3,900 4,880 Bank loans 29,250 33,610 Common shares. 63,400 63,400 Retained earnings 27,800 17,580 Common shares 63,400 63,400 Retained earnings 27,800 17,580 Total liabilities and shareholders' equity $152,630 $143,850 Additional information: Net income for the fiscal year was $13.150. Equipment that cost $9.750 was sold for a gain of $975 during 2023. The equipment's accumulated depreciation was $6,825. Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a-sign es.-15,000 or in parenthesis eg. (15,000).) Cash at Beginning of Year Pronghorn Ltd. Statement of Cash Flows (Indirect method) For the Year Ended December 31, 2023