A tabular analysis of the transactions made during August 2022 by Pharoah Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.

tabular analysis of the transactions made during August 2022 by Pharoah Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities + Stockholders' Equity Accounts Common + Retained Earnings Payable Stock Cash + A/R + Supp. + Equip Revenues Expenses Dividends $ 24,800 1 24,800 $3,700 2 1.390 5,090 3 570 570 $ 10,900 4. 4,800 6,100 1,600 5. 1,600 -$2,300 6. 2.300 2 $3,700 1,390 5,090 3 570 $ 570 4. 4,800 $ 6,100 $ 10,900 5. - 1,600 1,600 -$2,300 ON 2,300 - $ 900 7. - 900 8. 410 - 410 -2,100 9. 2,100 - 270 10 270 Prepare an income statement for August. PHAROAH COMPANY Income Statement