Additional information: 1. Net loss for 2022 is $24.250. 2. 3. 4. Cash dividends of $ 15,700 were declared and paid in 2022. Land was sold for cash at a loss of $5,700. This was the only land transaction during the year. Equipment with a cost of $ 18,400 and accumulated depreciation of $ 11,700 was sold for $ 6,700 cash. $ 23,700 of bonds were retired during the year at carrying (book) value. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $ 28,400. 5. 6. Prepare a statement of cash flows for the year ended 2022 using the indirect method. (Show amounts that decrease cash flow with eithe a-sign e.g. - 15,000 or in parenthesis eg. (15,000)) : PHAROAH CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Loss 24,250 Adjustments to reconcile net income to Net Cash Provided by Operating Activities V uestion 15 of 15 PHAROAH CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities $ Net Loss -24,250 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation $ Increase in Accounts Receivable Net Cash Used by Operating Activities Net Cash Used by Investing Activities Proceeds from the Sale of Land Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period C Cash at End of Period Net Cash Used by Operating Activities Net Cash Used by Investing Activities Proceeds from the Sale of Land Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period C Cash at End of Period