PHAROAH INC. Comparative Balance Sheet Accounts 2024 2023 Cash $112,860 $119,700 Accounts receivable 72,960 46,740 Inventory...

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PHAROAH INC. Comparative Balance Sheet Accounts 2024 2023 Cash $112,860 $119,700 Accounts receivable 72,960 46,740 Inventory 37,050 52440 Prepeld expenasa 8.550 6.612 Accounts payable 49,020 41,040 Accrued expenses payable 5,700 9.1.20 DMdends payable 27,250 19.380 Income tax payable 7,752 13.452 PHAROAH INC. Income Statement Year Ended October 31, 2024 Sales $712.500 Cost of goods sold 444,600 Cross profit 267,900 Operating expens $100.3.20 Depredation expense 26.220 Loss on sale of equipment 9.1.20 135,660 Profit before Income Less 132.240 Income tax expense 33060 Profit for the year $99,180 Prepare the operating activities section of the cash flow statement using the Indirect method. (Show amounts that decrease cash flow with either a signes-15,000 or in parenthesis eg (15,000) PHAROAH INC Cash Flow Statement (Partial)-Indirect Method Adjustments to recondla profit to PHAROAH INC. Comparative Balance Sheet Accounts 2024 2023 Cash $112,860 $119,700 Accounts receivable 72,960 46,740 Inventory 37,050 52440 Prepeld expenasa 8.550 6.612 Accounts payable 49,020 41,040 Accrued expenses payable 5,700 9.1.20 DMdends payable 27,250 19.380 Income tax payable 7,752 13.452 PHAROAH INC. Income Statement Year Ended October 31, 2024 Sales $712.500 Cost of goods sold 444,600 Cross profit 267,900 Operating expens $100.3.20 Depredation expense 26.220 Loss on sale of equipment 9.1.20 135,660 Profit before Income Less 132.240 Income tax expense 33060 Profit for the year $99,180 Prepare the operating activities section of the cash flow statement using the Indirect method. (Show amounts that decrease cash flow with either a signes-15,000 or in parenthesis eg (15,000) PHAROAH INC Cash Flow Statement (Partial)-Indirect Method Adjustments to recondla profit to