The following are the financial statements of Pharoah Company. Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total \begin{tabular}{rr} 26,200 & 33,400 \\ 18,400 & 13,000 \\ 47,200 & 42,200 \\ \hline$127,300 & $113,600 \\ \hline \end{tabular} Additional data: 1. Dividends deciared and paid were $28,000 2. During the year, equipment was sold for $9,500cash. This equipment cost $18,300 originally and had a book value of $9,500 at the time of sale. 3. All depreciation expense. $14,600, is in the operating expenses. 4. Allsales and purchases are on account. Further analysis reveals the following- 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. (a) Prepare astatement of cash flows for Pharoah Company using the direct method. (Show amounts that decrease cash flow with either a-sign e.s. 15,000 or in parenthesis e.g. (15,000).) Prephre a statement ot cash flows for Pharoah Company using the direct method. (Show amounts that decrease cash fiow with either a - sign e.8. 15,000 or in parenthesis e.g. (15,000).) * * * $