Please can someone help me with the answers I have checked, thank you.

Cash Accounts receivable Investments Plant assets (net) Land PHAROAH INC. BALANCE SHEET DECEMBER 31, 2019 $22,640 Accounts payable 23,840 Notes payable (long-term) 34,640 Common stock 81,000 Retained earnings 42,640 $204,760 $32,640 43,640 102,640 25,840 $204,760 During 2020, the following occurred. 1. 2. 3. 4. Pharoah Inc. sold part of its debt investment portfolio for $16,327. This transaction resulted in a gain of $4,727 for the firm. The company classifies these investments as available-for-sale. A tract of land was purchased for $15,640 cash. Long-term notes payable in the amount of $17,327 were retired before maturity by paying $17,327 cash. An additional $21,327 in common stock was issued at par. Dividends of $9,527 were declared and paid to stockholders. Net income for 2020 was $34,640 after allowing for depreciation of $12,327. Land was purchased through the issuance of $37,640 in bonds. At December 31, 2020, Cash was $39,640, Accounts Receivable was $44,240, and Accounts Payable remained at $32,640. 5. 6. 7. 8. Prepare a statement of cash flows for 2020. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).) PHAROAH INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 34,640 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 12,327 Gain on Sale of Investments -4,727 Increase in Account Receivable -20,400 - 12.800 Net Cash Provided by Operating Activities 21,840 Cash Flows from Investing Activities Purchase of Land - 15,640 Sale of Investments 16,327 Net Cash Provided by Investing Activities 687 Cash Flows from Financing Activities Payment of Cash Dividends -9,527 Retirement of Notes Payable -17,327 Issuance of Common Stock 21,327 Net Cash Used by Financing Activities -5,527 Net Increase in Cash 17,000 Cash at Beginning of Year 22,640 Cash at End of Year $ 39,640 Noncash Investing and Financing Activities Land purchased through issuance of $ 37,640 of bonds Assets Cash $ 39,640 Accounts Receivable 44,240 Debt Investments 18,313 Plant Assets 68,673 Land 95,920 $ 266,786 Liabilities and Stockholders' Equity Accounts Payable $ 32,640 Notes Payable 26,313 Common Stock 123,967 Retained Earnings 70,007 Bonds Payable 37,640 $ 290,567