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Pharoah Company reported the following information for 2022. Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings Totals begin{tabular}{rrrr} $43,380 &
Pharoah Company reported the following information for 2022. Accounts payable Accrued expenses payable Bonds payable Common stock (\$1 par) Retained earnings Totals \begin{tabular}{rrrr} $43,380 & $40,340 & $3,040 & Increase \\ -0 & 9,940 & 9,940 & Decrease \\ 99,990 & 149,960 & 49,970 & Decrease \\ 231,310 & 59,970 & 171,340 & Increase \\ 182,860 & 114,310 & 68,550 & Increase \\ \hline \end{tabular} Pharoah Company Income Statement For the Year Ended December 31, 2022 Sales revenue $938,730 Cost of goods sold Operating expenses Interest expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $476,560 229,040 12,100 219,0501,980 65,170 $153,880 Adjustments to reconcile net income to Pharoah Company reported the following information for 2022. Accounts payable Accrued expenses payable Bonds payable Common stock (\$1 par) Retained earnings Totals \begin{tabular}{rrrr} $43,380 & $40,340 & $3,040 & Increase \\ -0 & 9,940 & 9,940 & Decrease \\ 99,990 & 149,960 & 49,970 & Decrease \\ 231,310 & 59,970 & 171,340 & Increase \\ 182,860 & 114,310 & 68,550 & Increase \\ \hline \end{tabular} Pharoah Company Income Statement For the Year Ended December 31, 2022 Sales revenue $938,730 Cost of goods sold Operating expenses Interest expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $476,560 229,040 12,100 219,0501,980 65,170 $153,880 Adjustments to reconcile net income to
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