uestion $5$ of $6-$Can you orepare a Statement of cash flows using the indirect method

ew Policies

Additional information:

urrent Attempt in Progress

The compar ative balance sheets for Pharoah Company as of December $31$ are as follow

Operating expenses include depreciation expense of $$42,000($ $$27,300$ of depreciation expense for buildings and $$14,700$

equipment,

Prepare a statement of cash flows for the year onded Decembar $31\mathrm{.}2022,$ using the indirect me thout. $/$Shawanaunts that decrease cast

flow with either a $-$ sign eg $-15,000$ or in parenthests e$.$g$.(15,000)$

Land was sold for cash at took value.

Cash dividends of $$52,500$ were paid,

Net income for $2022$ was $$45\mathrm{.}500$

Equipment was purchased for $$94,200$ cash, In addition, enuigment costing $$21,800$ with a bonk valuc of $$12,600$ was said

for $$5\mathrm{.}800$cash

$33\mathrm{.}200$ shares of $$1$ par value common stack wore issued in exchange for land with a fair value of $$33,200$