The following information is available for Pharoah Company for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 37,200 8,835 63,550 7,440 4,805 88,660 161,200 58,900 6,045 125,550 102,300 248,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,0 in parenthesis eg. (15,000).) Pharoah Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities 88,660 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ $ 63,550 Decrease in Accounts Receivable 7440 Decrease in Inventory 4805 8835 Increase in Accounts Payable Decrease in Income Taxes Payable 6045 167,245 Net Cash Provided by Investing Activities 35,650