Current Attempt in Progress: Pharoah Ltd is a Canadian private company following ASPE. Following are the partial trial balances for Pharoah as at December 31 : During 2024. Pharoah collected $397,000 in cash from its customers. Pharoah also paid out cash of $155,000 for salaries and wages. $69,000 for income taxes, $38,500 for insurance, and $25,600 for interest: Prepare a single-step income statement for Pharoah Ltd. for the year ended December 31. 2024