The current sections of Pharoah Inc's balance sheets at December $31,2024$ and $2025,$ are presented here. Pharoah's net income for

$2025$ was $$145,350.$ Depreciation expense was $$25,650.$

Prepare the operating activities section of the company's statement of cash flows for the year ended December $31,2025,$ 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 INC.

Statement of Cash Flows $($Partial$)-$ Indirect Method

Adjustments to reconcile net income to