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)...



































































































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: Depreciation9200
Changes in current operating assets and liabilities:
Add: Increase in Accounts Payable6480
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 Stock19,760
Net Cash Used by Financing Activities (C)$(7,920)
Net Increase/Decrease in Cash (A+B+C)$32,000
Add Cash Balance on 1/1/202014480

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



Jun 01, 2022
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