Each of the following items must be considered in preparing a statement of cash flows for Pharoah Inc. for the year ended December 31, 2020. State where each item is to be shown in the statement, if at all. Plant assets that had cost $18,600 6.5 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $3,600. Pharoah Inc. Statement of Cash Flows XXXX Net Income Adjustments to reconcile net income to During the year, 10,000 shares of common stock with a stated value of $23 a share were issued for $40 a share. Pharoah Inc. Statement of Cash Flows Uncollectible accounts receivable in the amount of $24,000 were written off against Allowance for Doubtful Accounts. Pharoah Inc. Statement of Cash Flows The company sustained a net loss for the year of $50,100. Depreciation amounted to $24,000, and a gain of $9,700 was realized on the sale of available-for-sale debt securities for $38,300 cash. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15, 000).) Pharoah Inc. Statement of Cash Flows Adjustments to reconcile net income to