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Condensed financial data of Pharosh Compary for 2020 and 2019 are presented below. PHAROAH COMPANY INCOMESTATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue
Condensed financial data of Pharosh Compary for 2020 and 2019 are presented below. PHAROAH COMPANY INCOMESTATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Gross margin $6,8604,6202,240 SellingandadministrativeexpensesIncomefromoperations9201320 Other revenues and gains Gain on sale of investments Income before tax \begin{tabular}{r} 80 \\ \hline 1.400 \\ \hline 540 \\ \hline 860 \\ 260 \end{tabular} Additional information Durine the year, $70 of commonstock was iasued in eachange for plant asseta. No plint anvets were sold in20e0. Prebare a statement of canh flows usine the indirect mothod iShow amountr that decrease cash flow with either a
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