Land Equipment Accumulated depreciation - equipment Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares Retained earnings Additional information: 1. 2. 3. 4. Additional information 2 4 5 6 86,400 280,800 PRONGHORN CORPORATION Statement of Cash Flows (71,280 ) Adjustments to reconcile net income to $644,760 $42,120 162,000 233,280 207,360 $644,760 108,000 216,000 (34,560 ) Net income for 2022 was $100,440. There were no gains or losses reported on the Cash dividends of $37,800 were declared and paid. Bonds payable amounting to $54,000 were redeemed for cash $54,000. The bonds premium or discount). Common shares were issued for $45,360 cash. $599,400 $50,760 216,000 187,920 144,720 $599,400 Net income for 2022 was $100.440 There were no gains or losses reported on the statement of income Cash dividends of $37,800 were declared and paid Bonds payable amounting to $54,000 were redeemed for cash $54,000. The bonds were originally issued at face value ino premium or discount) Common shares were issued for $45.360 cash No land was purchased during 2022 No equipment was disposed of during 2022 Prepare a statement of cash flows for 2022 using the indirect method. Show amounts that decrease cash flow with either a-signa -15,000 or in parenthesis eg (15.000) Shown below are comparative statements of financial position for Pronghorn Corporation. Assets Cash Accounts receivable Inventory Land PRONGHORN CORPORATION Statement of Financial Position December 31 Equipment Accumulated depreciation - equipment Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares Ratsins 2022 $73,440 91,800 183,600 86,400 280,800 (71,280) $644,760 $42,120 162,000 233,280 2021 $23,760 82,080 204,120 108,000 216,000 (34,560 ) $599,400 $50,760 216,000 187,920