Pharoah Inc. Comparative Balance Sheets December 31 2025 2024 Assets Cash $153,520 $91,960 Accounts receivable 166,820 72.200 Inventory 213,750 195.415 Prepaid expenses 53,960 49.400 Long-term investments 262,200 207,100 Plant assets 541,500 460,750 Accumulated depreciation Total Liabilities and Stockholders' Equity (95,000) (98,800) $1,296,750 $978,025 Accounts payable $193,800 $127,870 Accrued expenses payable 31,350 39.900 Bonds payable 209,000 277,400 Common stock 418,000 332,500 Retained earnings 444,600 200,355 Total $1,296.750 $978.025 Pharoah Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue $738,074 Less: Cost of goods sold $257,374 Operating expenses, excluding depreciation 23.579 Depreciation expense 88.350 Income tax expense 51,832 Interest expense 8.987 Loss on disposal of plant assets 14.250 444.372 Net income $293,702 Additional information: