Pharoah Companys income statement contained the condensed information below.

Service revenue

$2,134,000

Operating expenses, excluding depreciation

$1,350,800

Depreciation expense

121,000

Loss on disposal of plant assets

35,200

1,507,000

Income before income taxes

627,000

Income tax expense

123,200

Net income

$503,800

Pharoah Companys balance sheets contained the following comparative data at December 31.

Accounts receivable

$154,000$132,000

Accounts payable

90,20070,400

Income taxes payable

28,60015,400

Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022
Select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDepreciation ExpenseGain on Disposal of Plant AssetsIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableLoss on Disposal of Plant AssetsNet Income		Enter a dollar amount
Select an opening name for subsection Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDepreciation ExpenseGain on Disposal of Plant AssetsIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableLoss on Disposal of Plant AssetsNet Income	Enter a dollar amount
Select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDepreciation ExpenseGain on Disposal of Plant AssetsIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableLoss on Disposal of Plant AssetsNet Income	Enter a dollar amount
Select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDepreciation ExpenseGain on Disposal of Plant AssetsIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableLoss on Disposal of Plant AssetsNet Income	Enter a dollar amount
Select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDepreciation ExpenseGain on Disposal of Plant AssetsIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableLoss on Disposal of Plant AssetsNet Income	Enter a dollar amount
Select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDepreciation ExpenseGain on Disposal of Plant AssetsIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableLoss on Disposal of Plant AssetsNet Income	Enter a dollar amount
		Enter a total amount for this subsection
Select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		Enter a total amount for this section