Pharoah Ltd. is a private company reporting under ASPE.Its income statement and changes in current assets and current liabilities for the year are reported below: PHAROAH LTD Income Statement Year Ended November 30, 2021 Sales $900,600 Cost of goods sold 465,500 Gross profit 435,100 Operating expenses $294,500 Depreciation expense 47,500 Gain on sale of equipment 19.500) 332.500 Profit before income tax 102,600 Income tax expense 28.500 Profit $74,100 Changes in current assets and current liabilities were as follows: Accounts receivable Inventory $34.200 18.050 decrease increase 28,000 > BMW income tax expense $74,100 Profit Changes in current assets and current liabilities were as follows: $34,200 decrease Accounts receivable 18,050 increase Inventory 1,900 increase Prepaid expenses 11,400 decrease Accounts payable 4,750 decrease Dividends payable 3,800 decrease Income taxes payable Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with ei (15,000).) PHAROAH LTD. Cash Flow Statement (Partial)