The comparative statement of financial position of Pronghorn Inc. as at June 30, 2017, and a statement of comprehensive income for the 2017 fiscal year follow:

PRONGHORN INC. Statement of Financial Position June 30, 2017
		June 30
Assets		2017			2016
Cash		$	20,800		$	39,520
Accounts receivable			89,440			76,960
Inventory			107,120			106,080
Prepaid expenses			2,080			6,240
Fair ValueOCI Investments			48,880			46,800
Equipment			179,920			165,360
Accumulated depreciation			(36,400	)		(26,000	)
Total		$	411,840		$	414,960
Liabilities and Shareholders Equity
Accounts payable		$	119,600		$	104,000
Income taxes payable			2,080			3,120
Dividends payable			5,200			0
Long-term notes payable			87,360			123,760
Common shares			32,240			24,960
Retained earnings			153,920			149,760
Accumulated other comprehensive income			11,440			9,360
Total		$	411,840		$	414,960

PRONGHORN INC. Statement of Comprehensive Income For the Year Ended June 30, 2017
Net sales		$335,920
Cost of goods sold		182,000
Gross profit		153,920
Operating expenses		124,800
Income from operations		29,120
Interest expense		9,360
Income before income taxes		19,760
Income taxes		6,240
Net income		13,520
Other comprehensive income
Unrealized gain on FV-OCI investments		2,080
Comprehensive income		$ 15,600

Additional information:

1.		Pronghorn follows IFRS. Assume that interest is treated as an operating activity for purposes of the statement of cash flows.
2.		Operating expenses include $10,400 in depreciation expense.
3.		There were no disposals of equipment during the year.
4.		Common shares were issued for cash.
5.		During the year, Pronghorn acquired $8,320 of equipment in exchange for long-term notes payable.

(a) Prepare the statement of cash flows for Pronghorn for the year ended June 30, 2017, using the indirect method along with any necessary note disclosure. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)