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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

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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 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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