Question $3$ of $5$

$3.$ No unrealized gains or losses have occurred on the investments during the year.

$4.$ Equipment that had a cost of $$19,900$ and was $70\%$ depreciated was sold during $2020.$

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either $a-$ sign e$.$

PRONGHORN INC. Statement of Cash Flows

For the Year Ended December $31,2020$

Cash at Beginning of Period

Net Income

Adjustments to reconcile net income to

Cash Flows from Operating Activities

$]$ $