Current Attempt in Progress Prepare the operating activities section of the cash flow statement using the indirect method. $($Show amounts that decrease cash flow

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

PHAROAH LTD$.$

Cash Flow Statement $($Partial$)$Indirect Method

Adjustments to reconcile profit to

$

Adjustments

Pharoah Ltd$.$ is a private company reporting under ASPE. Its income statement and changes in current assets and current liabilities for

the year are reported below:

Changes in current assets and current liabilities were as follows: