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Question 11 of 12 Pharoah Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable $28,6007.000$16,7008,100 Question 11 of 12 Question 11 of 12 1. Depreciation expense was $16,500. 2. Dividends declared and paid were $27,460. 3. During the year equipment was sold for $8,600 cash. This equipment cost $18.300 originally and had accumulated depreciation of $9,700 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. - 15,000 or in parenthesis eg. (15,000). Question 11 of 12 $ Question 11 of 12 /1 eTextbook and Media