Current Attempt in Progress Pharoah Corporation's comparative balance sheet is presented below. PHAROAH CORPORATION Balance Sheet December 31 Assets 2021 2020 Cash $15,440 $11.560 Accounts receivable 22,900 25.270 Land 21,600 28.080 Buildings 75.600 75,600 Accumulated depreciation-buildings (16,200 ) (10.800) Land Buildings Accumulated depreciation-buildings Total Liabilities and Shareholders' Equity 21,600 28,080 75,600 75,600 (16,200) (10,800 ) $119,340 $129,710 Accounts payable $13,360 $33,590 Common shares 81,000 74.520 Retained earnings 24.980 21.600 Total $119.340 $129.710 Additional information: Additional information: 1. Profit was $24,440. Dividends declared and paid were $21,060. 2. No noncash investing and financing activities occurred during 2021. 3. The land was sold for cash of $5,290 resulting in a loss of $1,190 on the sale of the land. Prepare a cash flow statement for 2021 using the indirect method. Lu Corporation reports under ASPE. (Show amounts that decrease co parenthesis e.g. (15,000)). Operating Activities PHAROAH LIMITED Cash Flow Statement-Indirect method Year Ended December 31, 2021 B Question 5 of 6 Prepare a cash flow statement for 2021 using the indirect method. Lu Corporation reports under ASPE. (Show amounts that decrease cash flow with either a-s parenthesis eg. (15,000)). Operating Activities Profit Adjustments to reconcile profit to Blooms Taxonomy....png A Type here to search PHAROAH LIMITED Cash Flow Statement-Indirect method Year Ended December 31, 2021 S $ 24440 M Act 601 22 Adjustments to reconcile profit to A > < > +A Blooms Taxonomy....png A