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Current Attempt in Progress The following selected accounts from Pharoah Corporation's general ledger are presented below for the year ended December 31 . 2024 PHAROAH CORPORATION Statement of Income (Single-Step) Year Ended December 31, 2024 Revenues Sales $2900240 Rent Income 26880 Interest Income Total Revenues $2960720 Expenses Cost of Goods Sold s 1312640 Ssiaries Expense Advertbing Expense 61600 Depreciation Expense Frelght Out Insurance Expense 140000 Interest Expenes Total Expenses ins:ane Eefore Income Tux Income Tax Expense Net lreome / (Loss) 5455260 PHAROAH CORPORATION Statement of Income (Multiple-Step) 5