Pharoah Ltd. had the following comparative Statement of Financial Position: Pharoah Ltd. Comparative Statement of Financial Position March 31 Assets 2024 2023 Cash $15,100 $12,140 Accounts receivable 58,675 44,100 Inventory 82,300 80,500 Prepaid expenses 5,900 5,100 Property, plant, and equipment 251,500 210,100 Accumulated depreciation (60,900) (50,500) Total assets $352,575 $301,440 Liabilities and Shareholders' Equity Accounts payable $34,500 $39,700 Interest payable 3,500 5,900 Income taxes payable 20,900 13,500 Bonds payable 82,130 61,476 Common shares 96,900 78,100 Retained earnings 114,645 102,764