Question 5 of 9 < > Current Attempt in Progress These financial statement items are for Pharoah Company at year-end, July 31, 2025. Salaries and wages payable $3,900 Salaries and wages expense 59,200 Supplies expense 17,000 Equipment 20,060 Accounts payable 4,200 Service revenue 67,800 Rent revenue 9,900 Notes payable (due in 2028) 2,900 Common stock 16,000 Cash 32,840 Accounts receivable 10,900 Accumulated depreciation-equipment 7,600 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,700 5.- estion 5 of 9 < > Revenues Service Revenue Rent Revenue Total Revenues Expenses PHAROAH COMPANY Income Statement For the Year Ended July 31, 2025 $ 67800 9900 Salaries and Wages Expense 59200 i Supplies Expense Depreciation Expense Total Expenses Net Income/(Loss) eTextbook and Media 17000 i 4000 $ 5.45/12 $ 77700 80200 -2500 Question 5 of 9 < > 5.45/12 Your Answer Correct Answer (Used) Prepare a retained earnings statement for the year. Pharoah Company did not issue any new stock during the year. PHAROAH COMPANY Retained Earnings Statement For the Year Ended July 31, 2025 Retained Earnings, August 1, 2024 (b) Less : Net Income/(Loss) Dividends Retained Earnings, July 31, 2025 < 2,500 i 4,000 i +A +A $ 35,700 6,500 i 29,200 eTextbook and Media List of Accounts PHAROAH COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity $ $ $ $