The following selected accounts are from Pharoah Corp.'s general ledger: Land Jan. 1 Dec. 31 Dec 31 Bal. 5 8. Bal. 5 Equipment Bal. 1 Jan. 1 July 31 Sept. 2 Dec 31 Nov. 10 40,000 Bal. Jan. 1 Dec. 31 Dec. 31 Bal. 70.000 47,000 Bal. 82.000 Nov. 10 Dividends Payable Jan. 1 Dec. 23 Dec. 31 Bal 1.300 4.600 Bal. 5,900 Bank Loan Payable Jan. 1 Bal. Sept. 2 47,000 1 Bal. 47,000 Retained Earnings Jan. 1 Bal. 115,000 Dec 23 Dec. 31 66.000 1Bal. 176.400 Additional information: July 31 Equipment with a cost of $ 77,000 was purchased for cash. Sept.2 Equipment with a cost of $53,000 was purchased and partially financed through the issue of a long-term bank loan payable. % A loss of $ 3,400 was incurred on the disposal of equipment. Dec1 Acquired a small parcel of adjoining land. 2A$4,600 cash dividend was declared to shareholders of record on December 31, payable on January 10 31 Depreciation expense of $47,000 was recorded for the year. 31 Net income for the year was $ 66,000 From the postings in the above accounts and additional information provide investing and/or financing activities sections of, and notes to, the statement with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) PHAROAH CORP Statement of Cash Flows (PartiaL) Year Ended December 31 Investing activities Financing activities Notes to the financial statements: Equipment of $ payable for $47,000 was purc