Pharoah Ltd. has recently decided to go public and has hired you as its independent accountant. The company wishes to adhere to IFRS and knows that it must prepare a statement of cash flows. The financial statements for 2023 and 2022 are provided below: The following additional data were provided for calendar 2023 : 1. Dividends declared and paid were $23250. 2. Equipment was sold for $31000. This equipment originally cost $43500, and had a bookvalue of $38000 at the time of sale. The loss on sale was included in "selling and administrative expenses," as was the depreciation expense for the year. 3. Bonds were retired during the year at par