CIIL Here are incomplete financial statements for Pharoah Company. Calculate the missing amounts. PHAROAH COMPANY Balance Sheet Assets Cash $ 12,500 Inventory 15,500 Buildings 39,500 Total assets $67,500 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,700 Stockholders' Equity Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $67,500 PHAROAH COMPANY Income Statement Total liabilities and stockholders' equity $67,500 PHAROAH COMPANY Income Statement $84,100 Revenues Cost of goods sold (c) Salaries and wages expense 10,060 Net income $ (d) PHAROAH COMPANY Retained Earnings Statement Beginning retained earnings $17,500 A Add: Net income (e) 4,940 Less: Dividends $32,500 Ending retained earnings LINK TO VID LINK TO TEXT