Pronghorn Inc. Cash Flow Statement For the Year Ended on 31 December 2020 Cash Flow from Operating Activities: Net Income $47,200 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Add: Depreciation 9200 Changes in current operating assets and liabilities: Add: Increase in Accounts Payable 6480 Less: Increase in Accounts Receivable (4480) Net Cash Provided by Operating Activities (A) $58,400 Cash Flow from Investing Activities: Purchase of Equipment $(18,480) Net Cash Used by Investing Activities (B) $(18,480) Cash Flow from Financing Activities: Payment of Dividends $(27,680 ) Proceeds from Issuance of Common Stock 19,760 Net Cash Used by Financing Activities (C) $(7,920) Net Increase/Decrease in Cash (A+B+C) $32,000 Add Cash Balance on 1/1/2020 14480 Cash Balance on 31/12/2020 $46,480 I dont have the right spacing for this layout. what I have looks like this: Cash Flows from Operating Activities: Net income $47200 Adjustments to reconcile net income to (?) Depreciation Exp $9200 Increase in Accounts Rec. $-4480 (?)($?) total (?) (?) ($?) Cash Flows from Investing Activities: Purchases of Equipment $18480 Cash Flows from Financing Activities: Payment of Cash Dividends ($?) Issuance of Common Stock $19760 Net Cash Used by Financing Activities (?) Net increase in cash $32000 Cash at Beginning of year $14480 Cash at End of Year $46480

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Pronghorn Inc.
Cash Flow Statement
For the Year Ended on 31 December 2020
Cash Flow from Operating Activities:
Net Income	$47,200
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Add: Depreciation	9200
Changes in current operating assets and liabilities:
Add: Increase in Accounts Payable	6480
Less: Increase in Accounts Receivable	(4480)
Net Cash Provided by Operating Activities (A)	$58,400

Cash Flow from Investing Activities:
Purchase of Equipment	$(18,480)
Net Cash Used by Investing Activities (B)	$(18,480)

Cash Flow from Financing Activities:
Payment of Dividends	$(27,680 )
Proceeds from Issuance of Common Stock	19,760
Net Cash Used by Financing Activities (C)	$(7,920)

Net Increase/Decrease in Cash (A+B+C)	$32,000
Add Cash Balance on 1/1/2020	14480
Cash Balance on 31/12/2020	$46,480

I dont have the right spacing for this layout. what I have looks like this:

Cash Flows from Operating Activities:
Net income $47200
Adjustments to reconcile net income to
(?)
Depreciation Exp $9200
Increase in Accounts Rec. $-4480
(?)($?)
total (?)
(?) ($?)
Cash Flows from Investing Activities:
Purchases of Equipment $18480
Cash Flows from Financing Activities:
Payment of Cash Dividends ($?)
Issuance of Common Stock $19760
Net Cash Used by Financing Activities (?)
Net increase in cash $32000
Cash at Beginning of year $14480
Cash at End of Year $46480