Presented here are the financial statements of Pharoah Company. Additional data: 1. Depreciation expense was $33,250. 2. Dividends declared and paid were $38,000. 3. During the year, equipment was sold for $16,150 cash. This equipment originally cost $34,200 and had accumulated depreciation of $18,050 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Prep: e.g. * ; + +