Question 1 The accounts and information for Pharoah Industries are listed below. Accounts payable $1,200 Dividen $2,600 Accounts receivable 5,400 Insurance expense 1,300 Buildings 64,500 Supplies 2,100 Cash 19,000 Notes payable 3,100 Service revenue 26,900 Rent expense 3,200 Common stock 58,000 Salaries and wages expense 13,200 Retained earnings (beginning) 22,100 Prepare an income statement for the month of August, 2022. PHAROAH INDUSTRIES Income Statement For the Month Ended August 31, 2022 $ $ $ SHOW LIST OF ACCOUNTS Prepare a retained earnings statement for the month of August, 2022. (List items that increase retained earnings first.) PHAROAH INDUSTRIES Retained Earnings Statement $ $ SHOW LIST OF ACCOUNTS Prepare a balance sheet at August 31, 2022. (List Assets in order of liquidity.) PHAROAH INDUSTRIES Balance Sheet At August 31, 2022 ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY