-16 C Question 13 of 15 View Policies Current Attempt in Progress You are provided with the following information for Pharoah Company, effective as of its April 30, 2022, year-end $846 Accounts payable 880 Accounts receivable 620 Accumulated depreciation-equipment 1,250 Cash 17,200 Common stock Cost of goods sold 1,040 Depreciation expense 415 Dividends 400 Equipment 2,590 Goodwill 1,600 Income tax expense 190 Income taxes payable 125 Insurance expense 210 Interest expense 600 Inventory 980 Investment in land 13,645 Land 2.500 Mortgage payable (long-term) 3,300 Notes payable (short-term) 64 Prepaid insurance 70 Retained earnings (beginning) 1.500 Salaries and wages expense 750 Salaries and wages payable 265 Sales revenue 5.000 Stock investments (short-term) 1.800 !!! > Prepare an income statement for Pharoah Company for the year ended April 30. 2022. (Enter negative amounts using elther a negative sign preceding the number eg.-45 or parentheses eg. (45)) PHAROAH COMPANY Income Statement April 30, 2022 Revenues 50 668 -168 Sales Revenue Cost of Goods Sold Depreciation Expense Insurance Expense Interest Expense Salaries and Wages Expense Income Tax Expense Total Expenses Net Income /(Loss) eTextbook and Media List of Accounts Expenses 5000 415 210 600 265 190 Prepare a retained earnings statement for Pharoah Company for the year ended April 30, 2022. (List items that Increase retained earnings first.) PHAROAH COMPANY Retained Earnings Statement For the Year Ended April 30, 2022 Retained Earnings, April 30, 2022 + 1500 Add: Net Income /(Loss) 1795 Less: Dividends (400) Retained Earnings, May 1, 2021 2895 eTextbook and Media List of Accounts Prepare a classified balance sheet for Pharoah Company as of April 30, 2022. (List Current Assets in order of liquidity) Prepare a classified balance sheet for Pharoah Company as of April 30, 2022. (List Current Assets in order of liquidity) PHAROAH COMPANY Balance Sheet April 30, 2022 Assets Current Assets Cash Stock Investments Accounts Receivable Inventory Prepaid Insurance Total Current Assets : # # Innnnn UU # eTextbook and Media List of Accounts Save for Later Last saved 6 minutes ago. Saved work will be auto-submitted on the due date. Liabilities and Stockholders' Equity Inni E Attempts: 0 of 3 used Submit