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Exercise 1-05 This information relates to Pharoah Company for the year 2022. Retained earnings, January 1, 2022 Advertising expense Dividends Rent expense Service revenue Utilities

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Exercise 1-05 This information relates to Pharoah Company for the year 2022. Retained earnings, January 1, 2022 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $89,700 2,400 8,040 14,000 77,720 3,210 40,200 Prepare an income statement for the year ending December 31, 2022. PHAROAH COMPANY Income Statement $

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