Question 17 of 17 Liabilities Accounts payable $5,000 Stockholders' Equity Common stock (a) Question 17 of 17 PHAROAH COMPANY Income Statement \begin{tabular}{lll|} Revenues & $84,000 \\ Cost of goods sold & & (c) \\ Salaries and wages expense & & (d) \\ Net income & \end{tabular} PHAROAH COMPANY Retained Earnings Statement PHAROAH COMPANY Retained Earnings Statement \begin{tabular}{lr} \hline Beginning retained earnings & $19,600 \\ Add: Net income & \\ & \\ Less: Dividends & 4,790 \\ Ending retained earnings & $34,600 \\ \hline \end{tabular}