please answer his question:

PHAROAH INC. Comparative Statement of Financial Position Accounts December 31, 2020 and 2019 December 31 Debit accounts 2020 2019 Cash $44,875 $33,550 Accounts receivable 67,350 59,850 Merchandise inventory 30,220 24,300 Long-term FV-NI investments 22,840 40,050 Machinery 29,590 18,350 Buildings 67,160 55,950 Land 7,500 7,500 $269,535 $239,550 Credit accounts Allowance for doubtful accounts $1,630 $880 Accumulated depreciation-machinery 5,765 2,410 Accumulated depreciation-buildings 13,095 8,600 Accounts payable 30,340 25,100 Accrued liabilities 2,305 1,050 Income taxes payable 960 1,460 Long-term note payable-non-trade 26,500 31,500 Common shares 150,000 125,000 Retained earnings 38,940 43,550 $269,535 $239,550Additional information: Pharoah Inc. has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. 1. Cash dividends declared during the year were $16,210. 2. A 20% stock dividend was declared during the year and $25,000 of retained earnings was capitalized. 3. FV-NI investments that cost $20,400 and had a fair value at December 31, 2019, of $24,350 were sold during the year for $23,320. 4. Machinery that cost $3,770 and had $750 of depreciation accumulated was sold for $2,150. Pharoah's 2020 statement of income is as follows: Sales revenue $642,000 Cost of goods sold 383,000 Gross margin 259,000 Operating expenses (includes $8,600 180,500 depreciation and $5,400 bad debts) Income from operations 78,500 Loss on disposal of FV-NI investments $(1,030 Interest expense (3,000 Loss on disposal of machinery (870 (4,900 Income before tax 73,600 Income tax expense 37,000 Net income $36,600Calculate net cash flow from operating activities using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) PHAROAH INC. Statement of Cash Flow $ $ Save for Later Attempts: 0 of 1 used Submit