The comparative statement of financial position for Pharoah Corporation shows the following noncash current asset and liability accounts at March 31: 2021 2020 Accounts receivable $ 67,000 $ 46,000 Inventory 72,000 61,500 Accounts payable 26,500 49,000 Dividends payable 1,500 2.500 Pharoah's statement of income reported the following selected information for the year ended March 31, 2021: net income was $ 270,000, depreciation expense was $ 69,000, and a loss on the disposal of land was $ 17,000. 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 - signe.g. - 15,000 or in parenthesis eg. (15,000).) PHAROAH CORPORATION Statement of Cash Flows (Partial) Operating activities March 31, 2021 Year Ended March 31, 2021 Month Ended March 31, 2021 $ Adjustments to reconcile net income to $ Inventory decrease Prepaid expenses increase Income tax payable decrease Depreciation expense Interest payable increase Net income Accounts receivable increase Income tax payable increase Loss Loss on disposal of land Profit on disposal of land Accounts payable increase Prepaid expenses decrease Accounts receivable decrease Interest payable decrease Inventory increase Accounts payable decrease Cash at beginning of period Cash at end of period Cash flows from financing activities Cash flows from investing activities Cash flows from operating activities Net cash provided by financing activities Net cash provided by investing activities Net cash provided by operating activities Net cash used by financing activities Net cash used by investing activities Net cash used by operating activities Net decrease in cash Net increase in cash