A comparative balance sheet for Pharoah Corporation is presented as follows.

		December 31
Assets		2020			2019
Cash		$ 72,800			$ 22,000
Accounts receivable		83,260			67,460
Inventory		181,260			190,460
Land		72,260			111,460
Equipment		261,260			201,460
Accumulated Depreciation-Equipment		(70,260	)		(43,460	)
Total		$600,580			$549,380
Liabilities and Stockholders' Equity
Accounts payable		$ 35,260			$ 48,460
Bonds payable		150,000			200,000
Common stock ($1 par)		214,000			164,000
Retained earnings		201,320			136,920
Total		$600,580			$549,380

Additional information:

1.		Net income for 2020 was $127,520. No gains or losses were recorded in 2020.
2.		Cash dividends of $63,120 were declared and paid.
3.		Bonds payable amounting to $50,000 were retired through issuance of common stock.

Prepare a statement of cash flows for 2020 for Pharoah Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)