Kieso, Intermediate Accounting, 17e Help System Announcements CES Problem 5-7 Pharoah Inc. had the following balance sheet at December 31, 2019. Cash Accounts receivable Investments Plant assets (net) Land PHAROAH INC. BALANCE SHEET DECEMBER 31, 2019 $ 21,290 Accounts payable 22,490 Bonds payable 32,000 Common stock 82,290 Retained earnings 41,290 $199,360 $ 31,290 42,290 101,290 24,490 $199,360 During 2020, the following occurred. 1. 2. 3. 4. 5. 6. 7. Pharoah liquidated its available for sale debt investment portfolio at a loss of $6,290. Atract of land was purchased for $39,290. An additional $30,000 in common stock was issued at par. Dividends totaling $11,290 were declared and paid to stockholders. Net income for 2020 was $36,290, including $13,290 in depreciation expense. Land was purchased through the issuance of $31,290 in additional bonds. At December 31, 2020, Cash was $71,490, Accounts Receivable was $43.290, and Accounts Payable was $41,290. sign e.g. -15,000 Prepare a statement of cash flows for the year 2020 for Pharoah. (Show amounts that decrease cash flow with either a PHAROAH INC. Statement of Cash Flows Adjustments to reconcile net income to JS Rieso, Intermediate Accounting, Ile Help System Announcements Prepare a statement of cash flows for the year 2020 for Pharoah. (Show amounts that decrease cash flow with either a - signe.g. 15,000 PHAROAH INC. Statement of Cash Flows Adjustments to reconcile net income to URCES tudy Land purchased through issuance of $ of bonds Help System Announcements CES Prepare the unclassified balance sheet as it would appear at December 31, 2020. (List Assets in order of liquidity.) PHAROAH INC. Balance Sheet Assets Liabilities and Stockholders' Equity SHOW LIST OF ACCOUNTS LINK TO TEXT 0.50 Compute Pharoah's free cash flow and current cash debt coverage for 2020. (Round current cash debt coverage to 2 decimal places - 15,000 or in parenthesis e.g. (15,000).) to coarch SHOW LIST OF ACCOUNTS LINK TO TEXT Compute Pharoah's free cash flow and current cash debt coverage for 2020. (Round current cash de -15,000 or in parenthesis e.g. (15,000).) Free cash flow Current cash debt coverage Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT