Business, 01.07.2021 16:10 biancaalegriashaffer

The current sections of Pronghorn Corp’s balance sheets at December 31, 2021 and 2022, are presented here. Pronghorn Corp’s net income for 2022 was $183,600. Depreciation expense was $32,400. 2022 2021
Current assets Cash $126,000 $118,800
Accounts receivable 96,000 106,800
Inventory 201,600 206,400
Prepaid expenses 32,400 26,400
Total current assets $456,000 $458,400
Current liabilities Accrued
expenses payable $18,000 $6,000
Accounts payable 102,000 110,400
Total current liabilities $120,000 $116,400

Requried:
Prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method.

Answers: 3

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The current sections of Pronghorn Corp’s balance sheets at December 31, 2021 and 2022, are presented...

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