The following information is available for Pharoah Company for the year ended December 31, 2022. Beginning cash balance $49.500 Accounts payable decrease 4.100 Depreciation expense 178,200 Accounts receivable increase 9,000 Inventory increase 12,100 Net income 312,500 Cash received for sale of land at book value 38.500 Cash dividends paid 13,200 Income taxes payable increase 5,200 Cash used to purchase building 317,900 Cash used to purchase treasury stock 28,600 Cash received from issuing bonds 220,000 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 parenthesis eg. (15,000).) Pharoah Company Statement of Cash Flows-Indirect Method December 31, 2022 Cash Flows from Operating Activities Net Income- 312500