will thumb up if correct

Selected information from Pharoah Ltd.'s statement of financial position and statement of income is as follows: Additional information: 1. Prepaid expenses and property tax payable relate to other operating expenses. 2. Accounts payable relate to purchases of inventory. 3. Operating expenses included depreciation expense of $11,000 and a loss of $5,200 on the disposal of equipment. Prepare the operating activities section of the statement of cash flows using the direct method. 3. Operating expenses included depreciation expense of $11,000 and a loss of $5,200 on the disposal of equipment. Prepare the operating activities section of the statement of cash flows using the direct method. Cash Receipts from Customers Decrease in Accounts Payable Decrease in Accounts Receivable Pr Decrease in Accrued Expenses Payable Decrease in Merchandise Inventory Decrease in Prepaid Expenses Depreciation Expense Disposal of Land For Income Tax For Interest For Other Operating Expenses Gain on Disposal of Land Increase in Accounts Payable Increase in Accounts Receivable Increase in Accrued Expenses Payable Increase in Merchandise Inventory Increase in Prepaid Expenses Issuance of Bonds Issue of Common Shares 3 Depreciation Expense Disposal of Land For Income Tax For Interest Pr For Other Operating Expenses Gain on Disposal of Land Increase in Accounts Payable Increase in Accounts Receivable Increase in Accrued Expenses Payable Increase in Merchandise Inventory Increase in Prepaid Expenses Issuance of Bonds Issue of Common Shares Loss on Disposal of Land Payment of Cash Dividends Purchase of Equipment Purchase of Land Repayment of Bank Loan Sale of Equipment To Suppliers