Pharoahine is a private company reporting under ASPE. The following selected account balances were reported in Pharoah in financial statements at year end: 2021 2020 Cash $18,375 $ 8.250 832.500 730.000 Buildings Equiment 392,000 341,000 Land 90,000 48.750 302.500 286,250 Accumulated depreciation-buildings Accumulated depreciation equipment Dividends payable 120,000 89.750 6,000 2,450 Mortgage payable 543,000 583,000 Notes payable 337.500 306,500 Common shares: 5.350 shares in 2021:3,950 in 2020 536,500 407 500 Retained earnings 196,000 97.000 Cash dividends declared 22.500 8.000 23 250 39.750 Depreciation expense-buildings AR Accumulated depreciation-equipment 120,000 89.750 Dividends payable 6,000 2.450 Mortgage payable 543.000 583.000 337,500 306,500 Notes payable Common shares: 5,350 shares in 2021:3,950 in 2020 Retained earnings 536,500 407,500 196.000 97.000 Cash dividends deciared 22,500 8,000 Depreciation expense-buildings 23,250 39.750 Depreciation expense--equipment 47.255 25.400 Gain on sale of equipment 850 0 Loss on sale of building 8,500 0 Interest expense 47,750 43,650 Additional information: 2 Purchased 572.500 of equipment for $9,000 cash and a note payable for the remainder. Equipment was also sold during the year. Sold a building that originally cost $47,500 Used cash to purchase land and a building Mortgage payments and notes payable payments included interest and principal amounts. Common shares were issued for cash. 5 Determine the amount ot any cash inflows or outflows related to investing activities in 2021. (Hint: Use Taccounts to calculate the cash flow) Show amounts that decrease cash flow with either a signes -15,000 or in parenthesis es (15,0001) PHAROAH INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 restors Activities Pancholment 49000 Sale of building Predhotent Purchase of land What was the amount of profit reported by Pharoah Inc. in 2021? Amount of proht Determine the amount of any cash inflows or outflows related to financing activities in 2021. Intre Taccounts to calculate the cash flows. Show amounts that decrease cash flow with either ones.-15.000 or in parentheses. (15.0001 PHAROAH INC Cash Flow Statement (Partial) Oslon Pant Score Identify and determine the amount of any noncash financing activities in 2021 Equipment costing was acquired by paying $ cash and issuing a note pare Question Part Score Calculate the cash operating activities. (Hint: Using the cash balances provided, calculate increase or decrease in canst Show omonta that decreuse cash flow with ether a signes -15,000 or in porenthesis ex. (15.0001) Cash from net cash by operating activities