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During 2022, Pharoah Company sold equipment with a book value of $187200 for proceeds of $226200. The company purchased new equipment for $499200 by signing

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During 2022, Pharoah Company sold equipment with a book value of $187200 for proceeds of $226200. The company purchased new equipment for $499200 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report O net cash inflows of $226200 O net cash outflows of $273000. O net cash inflows of $39000. O net cash outflows of $460200

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