Exercise 1-4 This information relates to Pharoah Company for the year 2017. Retained earnings, January 1, 2017 $100,500 Advertising expense 2,700 Dividends 9,000 15,600 Rent expense Service reven 87,000 nue 3,600 Utilities expense Salaries and wages expense 45,000 After analyzing the data, prepare an income statement for the year ending December 31, 2017. Pharoah Company Income Statement CALCULATOR PRINTER VERSION 4 BACK NEX After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2017. (List items that increase retained earnings first.) Pharoah Company Retained Earnings Statement Open Show Work Click if you would like to Show Work for this question: CALOU Exercise 1-15 Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) $2.418.7 7- Cash Inventory $2,225.2 1. 8. 2. Accounts receivable 2.929.0 Income taxes payable 80.3 3. Common stock 2.830.9 9. Equipment 1.753.2 4. Retained earnings 6.111.5 Notes payable 321.8 10. Buildings Mortgage payable Accounts payable 2,441.0 3,551.7 11 1,092.3 6- Perform each of the following. Classify each of these items as an asset, labilty, or stockholders' equity, and determine the total dollar amount for each classfication. (Enter amounts in millions up to 1 decimal place, eg. 45.5 million.) Cash Accounts receivable Common stock Notes payable Buildings Mortgage payable Inventorys Income taxes payable Equipment Retained earnings Accounts payable Assets Liablity Stockholdery equity Cassfy each of these items as an asset, liability, or stockholders' equity, and decermine the total dollar amount for each dassification. (Enter amounts in milions up to 1 decimal place, eg. 45.5 million.) Cash Accounts receivable Commen stock Notes payable Buildings Mortgage payable Inventary Income taxes payable Equipment Ratainad earnings Accounts payable Assets Lability Stockholders' equity Detemine Nike's accounting equation by calculating the value of total assets. total liabilities, and total stockholders' euty. (Enter amounts in millions up to 1 decimal place e.g. 45.5 million.) Total liabilities + Total stockholders' equity Total assets n Sha Werk Click if you would like to Show Work for this question: Question Attempts: 0 of 5 u