PHAROAH PARK CORPORATION Comparative Balance Sheet
		Dec. 31, 2021		Dec. 31, 2020
Assets
Cash		$ 27,250		$ 13,700
Accounts receivable		20,550		15,700
Prepaid expenses		7,700		11,550
Inventory		29,550		19,700
Long-term investment in bonds		0		19,700
Equipment		65,100		31,700
Accumulated depreciationequipment		( 20,550)		( 15,700)
Total assets		$ 129,600		$ 96,350
Liabilities and Shareholders Equity
Accounts payable		$ 23,550		$ 10,700
Bonds payable		38,700		47,550
Common shares		45,100		26,400
Retained earnings		22,250		11,700
Total liabilities and shareholders equity		$ 129,600		$ 96,350

Additional information:
1.		Profit for the year ending December 31, 2021 was $ 21,700.
2.		Cash dividends of $ 13,700 were declared and paid during the year.
3.		Long-term investments in bonds that had an amortized cost of $ 22,250 were sold for $ 16,850.

Prepare the cash flow statement 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).)

Cash Flow Statement $ Adjustments to reconcile profit to >