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Presented here are the financial statements of Pharoah Compariy. begin{tabular}{lrr|} hline Liabilities and Stockholders' Equity & & hline Accounts payable & $36,100 & $28,500
Presented here are the financial statements of Pharoah Compariy. \begin{tabular}{lrr|} \hline Liabilities and Stockholders' Equity & & \\ \hline Accounts payable & $36,100 & $28,500 \\ Income taxes payable & 13,300 & 15,200 \\ Bonds payable & 32,300 & 62,700 \\ Commonstock & 34,200 & 26,600 \\ Retained earnings & 95,000 & 72,200 \\ \hline Total & $210,900 & $205,200 \\ \hline \end{tabular} Pharoah Company Income Statement For the Year Ended December 31, 2025 Income Statement For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $459,800 332,500 127,300 $34,200 \begin{tabular}{l} 11,40045,600 \\ \hline \end{tabular} 81,700 5,700 76,000 15,200 $60,800 Additionaldata: 1. Depreciation expense was $33,250. 2. Dividends declared and paid were $38,000. 3. During the year, equipment was sold for $16,150cash. This equipment originally cost $34,200 and had accumulated depreciation of $18,050 at the time of sale. 4. Bonds were redecmed 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 parenthesiseg (15,000))
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