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December 31, 2020 December 31, 2019 Cash $15.100 $8.100 Current assets other than cash 85,300 60,300 Long-term investments 10.000 53.000 Plant assets 337,500 213.900 $447,900 $335.300 Accumulated depreciation $20,000 $40,400 Current liabilities 40,400 21,900 74,600 -0- Bonds payable Common stock 253,700 253,700 Retained earnings 59,200 19.300 $447,900 $335,300 Additional information: 1. Held-to-maturity debt securities carried at a cost of $43,000 on December 31, 2019, were sold in 2020 for $33,700. The loss (not unusual) was incorrectly charged directly to Retained Earnings. 2. Plant assets that cost $49,900 and were 80% depreciated were sold during 2020 for $7,900. The loss was incorrectly charged directly to Retained Earnings. 3. Net income as reported on the income statement for the year was $56.800. 4. Dividends paid amounted to $5,520. 5. Depreciation charged for the year was $19,520. Prepare a statement of cash flows for the year 2020 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 COMPANY Statement of Cash Flows PHAROAH COMPANY Statement of Cash Flows Adjustments to reconcile net income to $