PHAROAH COMPANY Balance Sheet Assets Cash $28,300 Supplies (a) Equipment (net) 61,500 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable $23,600 Stockholders' Equity Common stock 38,100 Retained earnings T Total liabilities and stockholders' equity $ PHAROAH COMPANY Income Statement Revenues $56,500 Depreciation expense Salaries and wages expense 12,400 Interest expense 1,600 Net income $26,700 PHAROAH COMPANY Retained Earnings Statement Beginning retained earnings $ E Add: Net income DO Less: Dividends 6,900 Ending retained earnings $36,400