Cash Flow Statement- Practice Questions

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Current Attempt in Progress Pharoah Corporation's comparative balance sheet is presented below. Additional information: 1. Profit for the year was $20,370. Dividends declared and paid were $17,550. 2. No noncash investing and financing activities occurred during 2024 . 3. The land was sold for cash of $4,410, resulting in a loss of $990 on the sale of the land. Prepare a cash flow statement for 2024 using the indirect method. Pharoah Corporation reports under ASPE. (Show amounts that decrease cash flow with either a - sign e.g. 15,000, or in parenthesis e.g. (15,000))