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Shown below are comparative balance sheets for Pronghorn Corp. 2021 Pronghorn Corp Comparative Balance Sheets December 31 Assets 2022 Cash $ 217,600 Accounts receivable 281,600

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Shown below are comparative balance sheets for Pronghorn Corp. 2021 Pronghorn Corp Comparative Balance Sheets December 31 Assets 2022 Cash $ 217,600 Accounts receivable 281,600 Inventory 534,400 Land 256,000 Equipment 832,000 Accumulated depreciation-equipment (211,200) Total $1,910,400 Liabilities and Stockholders' Equity Accounts payable $ 124,800 Bonds pay.ble 480,000 Common stock ($1 par) 691,200 Retained earnings 614,400 Total $1,910,400 $ 70,400 243,200 604,800 320,000 640,000 (102,400) $1,776,000 $ 137,600 640,000 556,800 441,600 $1,776,000 Additional information: 1. 2. 3. 4. 5. 6. Net income for 2022 was $297,600. Depreciation expense was $108,800. Cash dividends of $124,800 were declared and paid. Bonds payable amounting to $160,000 were redeemed for cash $160,000. Common stock was issued for $134,400 cash. No equipment was sold during 2022. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. -45,000, or in parenthesis eg. (45,000)). Pronghorn Corp Statement of Cash Flows Adjustments to reconcile net income to $ > > A A A A A A $

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