LUI View Policies Current Attempt in Progress The information shown below is taken from the accounts of Pharoah Corporation for the year ended December 31, 2020 Net Income $320,000 Amortization of patent 10,000 Proceeds from issuance of common stock 140,000 Decrease in inventory 28,000 Sale of building at a $14,000 gain 85,000 Decrease in accounts payable 13,000 Purchase of equipment 160,000 Payment of cash dividends 21,000 Depreciation expense 51,000 Decrease in accounts receivable 21,000 Payment of mortgage 78.000 Increase in short-term notes payable 10.000 Sale of land at a $5,000 loss 44.000 Purchase of delivery van 38,000 Cash at beginning of year 260,000 Prepare a statement of cash flows for Pharoah Corporation for the year ended December 31, 2020. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis eg. (15,000).) Pharoah Corporation o Prepare a statement of cash flows for Pharoah Corporation for the year ended December 31, 2020. (Show amounts that decrease cash flow with either a-signes. -15,000 or in parenthesis es (15,0001) Pharoah Corporation Statement of Cash Flows Adjustments to reconcile net income to > O n - BOS 60 Question 1 of 2 -75 Sove for Later Attempts:0 of 3 used Submit Answer ch