Under the indirect method of preparing the statement of cash flows, which of the following is deducted from net income in the operating activities section? O Amortization expense O Decrease in inventory O Increase in wages payable Gain on sale of land During 2017, Pharoah Company reported cash provided by operations of $985000, cash used in investing of $851000, and cash used in financing of $236000. In addition, cash spent for fixed assets during the period was $342000. Average current liabilities were $806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharoah free cash flow? O ($179000). ($748000). $134000. $643000. Land costing $137500 was sold for $390500 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? $170500 $390500. $341000. O $253000