Question 4 of 7 > - 15 View Policies Current Attempt in Progress The statement of income and unclassified statement of financial position for Pharoah, Inc. follow: 2020 PHAROAH, INC. Statement of Financial Position December 31 Assets 2021 Cash $99.600 Trading investments 128,000 Accounts receivable 72,500 Inventory 120.700 Estimated inventory returns 2.500 Prepaid expenses 19,000 Equipment 319,500 Accumulated depreciation (49,000) Total assets $712.800 Liabilities and Shareholders' Equity Accounts payable $92,500 Property tax payable 9.900 Refund liability 1.100 Bank loan payable-current portion 50.000 Bank loan payable-noncurrent portion 102,300 Common charoc 210 000 $47.400 112.500 41,700 92,950 1,600 26.000 296,000 (53,000) $565,150 $72.900 6,600 800 175,050 22.300 180 non Question 7 of 7