Question: Question 2 of 3 Current Attempt in Progress Condensed financial data of Pronghorn Company for 2020 and 2019 are presented below. Question 2 of 3



Question 2 of 3 Current Attempt in Progress Condensed financial data of Pronghorn Company for 2020 and 2019 are presented below. Question 2 of 3 \begin{tabular}{lrr} Accrued liabilities & 190 & 250 \\ Bonds payable & 1,410 & 1,520 \\ Commonstock & 1,870 & 1,730 \\ Retained earnings & 2,420 & 1,900 \\ \hline & $7,110 & $6,290 \\ \hline \end{tabular} PRONGHORN COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income $6,860 2,1504,710 1,230920 801,310530780 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign parenthesis eg. (15,000).) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign
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