thank you

Question 56 The comparative statement of financial position for Pharoah Corporation shows the following noncash current asset and liability accounts at March 31: Accounts receivable Inventory Accounts payable Dividends payable 2018 $68,000 76,000 25,500 1,200 2017 $50,000 62,500 40,000 2,300 Pharoah's income statement reported the following selected information for the year ended March 31, 2018: net income was $280,000, depreciation expense was $61,000, and a loss on the disposal of land was $13,000. Pharoah uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) PHAROAH CORPORATION Statement of Cash Flows (Partial)-Indirect Method Operating activities Adjustments to reconcile net income to