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You have completed the field work in connection with your audit of Pronghorn Corporation for the year ended December 31,2025. The balance sheet sccounts at

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You have completed the field work in connection with your audit of Pronghorn Corporation for the year ended December 31,2025. The balance sheet sccounts at the beginning and end of the year are shown below. Your working papers from the audit contain the following information: 1. On April 1, 2025, the existing deficit was written off against paid-in capital created by reducing the stated value of the no-par stock 2. On November 1,2025, 32,856 shares of no-par stock were sold for $285,270. The board of directors voted to regard $5 per share as stated capital. 3. Apstent was purchased for $16.650. 4. During the year, machinery that had a cost basis of $18,204 and on which there was accumulated depreciation of $5,772 was sold for $9,990. No other plant assets were sold during the year. 5. The 12\%, 20 year bonds were dated and issued on January 2, 2013. Interest was payable on June 30 and December 31 . They were sold originally at 106 . These bonds were redecmed at 100.9 plus accrued interest on March 31,2025 . 6. The 8\%, 40-year bonds were dated January 1, 2025, and were sold on March 31 at 97 plus accrued interest. Interest is payable semiannually on June 30 and December 31 . Expense of issuance was $931. 7. Pronghorn Corporation acquired 70% control in Crimson Compony on January 2, 2025, for $111,000. The income statement of Crimson Company for 2025 shows a net income of $16,650 8. Majoc repairs to buildings of $7,992 were charged to Accumulated Depreciation-Buildings. 9. Interest paid in 2025 was $11.655 and income taxes paid were $37,740 From the information given, prepare a statement of cash flows using the indirect method. A worksheet is not necessary, but the principal computations should be supported by schedules or general ledger accounts. The company uses straight-line amortization for bond interest. (Round answers to 0 decinal places, es. 2,500. Show emounts that decrease cash flow with either a-sign eg - 15,000 or in parentheslses. (15,000)) From the information given, prepare a statement of cash flows using the indirect method. A worksheet is not necessary, but the princlpal computations should be supported by schedules or general ledger accounts. The company uses straight - line amortization for bond interest (Round answers to 0 decimal places, es. 2,500. Show amounts that decrease cash flow with olther a - sign eg - 15,000 or in purenthesises (15,000)) Net Cash Und by Operatire Activities Net Canh Used to investine Activities Paichase of Patent Sale of Machilisery Purchase of Machinery Investment in Subsidiary Aadition to thanding: Net Cash Used by Inverting Activities Cash Flown from Financing Act vities Net Cach Whed by lmesting Activities Cash Flows from FinancingActivies Sale of Stock Not Cash Provided by Financires Actwities Supplemental disclosures of cash flow information: $ $

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