Question: urrent Attempt in Progress The current sections of Pronghorn Corp's balance sheets at December 31, 2021 and 2022, are presented here. Pronghorn Corp's net income
urrent Attempt in Progress 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 $304,800. Depreciation expense was $50,400. 2022 2021 Current assets Cash $74,400 $ 106,800 Accounts receivable 102,000 82,80p 93,600 74,400 Inventory Prepaid expenses 20,400 22,800 Total current assets $290,400 $286,800 Current liabilities Accrued expenses payable $ 7,200 $ 19,200 105,600 86,400 Accounts payable Total current liabilities $112,800 $ 105,600 urrent Attempt in Progress 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 $304,800. Depreciation expense was $50,400. 2022 2021 Current assets Cash $74,400 $ 106,800 Accounts receivable 102,000 82,80p 93,600 74,400 Inventory Prepaid expenses 20,400 22,800 Total current assets $290,400 $286,800 Current liabilities Accrued expenses payable $ 7,200 $ 19,200 105,600 86,400 Accounts payable Total current liabilities $112,800 $ 105,600
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