Pharoah Company has not yet prepared a statement of cash flows for the 2020 fiscal year. Comparative balance sheets as of December 31, 2019 and 2020, and a statement of income and retained earnings for the year ended December 31, 2020, are presented as follows.

PHAROAH COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2020 ($000 OMITTED)
Sales revenue				$3,800
Expenses
Cost of goods sold		$1,210
Salaries and benefits		710
Heat, light, and power		70
Depreciation		80
Property taxes		20
Patent amortization		30
Miscellaneous expenses		10
Interest		30		2,160
Income before income taxes				1,640
Income taxes				820
Net income				820
Retained earningsJan. 1, 2020				320
				1,140
Stock dividend declared and issued				600
Retained earningsDec. 31, 2020				$540

PHAROAH COMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31 ($000 OMITTED)
Assets		2020			2019
Current assets
Cash		$372			$210
U.S. Treasury notes (available-for-sale)		10			50
Accounts receivable		780			490
Inventory		700			550
Total current assets		1,862			1,300
Long-term assets
Land		160			60
Buildings and equipment		910			590
Accumulated depreciationbuildings and equipment		(190	)		(110	)
Patents (less amortization)		110			140
Total long-term assets		990			680
Total assets		$2,852			$1,980
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$415			$370
Income taxes payable		37			30
Notes payable		350			350
Total current liabilities		802			750
Long-term notes payabledue 2022		190			190
Total liabilities		992			940
Stockholders equity
Common stock		1,320			720
Retained earnings		540			320
Total stockholders equity		1,860			1,040
Total liabilities and stockholders equity		$2,852			$1,980

Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

PHAROAH COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 ($000 Omitted) Cash Flows from Operating Activities Cash Receipts from Customers ta $ Cash Payment for Interest Cash Payment for Property Taxes Cash Payment for Income Taxes Cash Payment for Miscellaneous Cash Payment for Salaries and Benefits Cash Payment for Heat, Light, and Power Cash Payment for Merchandise Net Cash Provided by Operating Activities