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Brief Exercise 5-5 Pharoah Company provides this information for the month ended October 31, 2017: sales on credit $307,000; cash sales $159,100; sales discounts $6,200;

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Brief Exercise 5-5 Pharoah Company provides this information for the month ended October 31, 2017: sales on credit $307,000; cash sales $159,100; sales discounts $6,200; and sales returns and allowances $22,090. Prepare the sales section of the income statement based on this information. PHAROAH COMPANY Income Statement (Partial)

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