Pronghorn Company Income Statement For the Year Ended December 31, 2025 Sales revenue $6,770,000 Cost...
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Pronghorn Company Income Statement For the Year Ended December 31, 2025 Sales revenue $6,770,000 Cost of goods sold Beginning inventory $1,750,000 \begin{tabular}{lr} Purchases & 4,830,000 \\ \cline { 2 - 2 } Goods available for sale & 6,580,000 \end{tabular} Ending inventory 1,450,000 \begin{tabular}{lr} Cost of goods sold & 5,130,000 \\ \hline Gross profit & 1,640,000 \end{tabular} Operating expenses Selling expenses 440,000 Additional information: 1. Accounts receivable decreased $290,000 during the year. 2. Prepaid expenses increased $170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $300,000 during the year. 4. Accrued expenses payable decreased $140,000 during the year. 5. Administrative expenses include depreciation expense of $70,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31,2025 , for Pronghorn Company, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesis eg. (15,000).) (6) $ Sivetor Later Attempts: 0 of 2 used Submit
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