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Current Attempt in Progress Condensed financial data follow for Pharoah Ltd. Pharoah reports under ASPE. Question 4 of 7 Liabilities and Shareholders' Equity Accounts payable $74,400$61,840 Accrued expenses payable 9.2005,600 Notes payable 88,000120,000 Common shares 187,200140,000 PHAROAH LTD. Income Statement Year Ended December 31, 2024 Sales $394,220 Cost of goods sold Gross profit 245,850148,370 Operating expenses $49,930 Depreciation expense 37,200 Additional information: 1. New equipment costing $68,000 was purchased for $20,000 cash and a $48,000 note payable. 2. Equipment with an original cost of $46,000 was sold at a loss of $6,000. 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis eg (15,000). Question 4 of 7 $ Note X : Equipment was purchased by paying $ cash and issuing a note payable for $