Current Attempt in Progress Your answer is partially correct The current sections of Pharoah Inc's balance sheets at December 31, 2024 and 2025, are presented here. Pharoah's net income for 2025 was $145,350. Depreciation expense was $25,450. 2025 2024 Current assets Cash $99,750 $ 94,050 Accounts receivable 76,000 84.550 Inventory 159.600 163,400 Prapaid expenses 25,650 20,900 Total current assets $61,000 006'79ES Current liabilities Accrued expenses payable $ 14,250 $ 4,750 Accounts payable 80,750 87.400 Total current liabilities $95,000 $ 92,150 Prepare the operating activities section of the company's statement of cash flows for the year ended December 21, 2025, using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis e.g. (15,000). PHAROAH INC. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expanse Decrease In Accounts Payable v eTextbook and Media Save for Later Attempts: 1 of 15 used Submit Arswer