Pharoah Inc. had the following balance sheet at December 31, 2024. Pharoah Inc. Balance Sheet December 31, 2024 Cash $25,480 Accounts payable $35,480 Accounts receivable 26,680 Bonds payable 46,480 Investments 32,000 Common stock 105,480 Plant assets (net) 86,480 Retained earnings 28,680 Land 45,480 $216,120 $216,120 1. 2. During 2025, the following occurred. Pharoah liquidated its available-for-sale debt investment portfolio at a loss of $10,480. A tract of land was purchased for $43,480. 3. An additional $30,000 in common stock was issued at par. 4. Dividends totaling $15,480 were declared and paid to stockholders. 5. Net income for 2025 was $40,480, including $17,480 in depreciation expense. 6. Land was purchased through the issuance of $35,480 in additional bonds. 7. At December 31, 2025, Cash was $75,680, Accounts Receivable was $47,480, and Accounts Payable was $45,480. < PHAROAH INC. Statement of Cash Flows For the Quarter Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to < < < Prepare a statement of cash flows for the year 2025 for Pharoah. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) 1A > > 6A Land purchased through issuance of $ of bonds