Salaries and wages payable $ 3,080 Salaries and wages expense 58,700 Supplies expense 16,600 Equipment 19,500 Accounts payable 4,100 Service revenue 67,300 Rent revenue 9,500 Notes payable (due in 2025) 3,800 Common stock 16,000 Cash 30,200 Accounts receivable 11.780 Accumulated depreciation-equipment 7,500 Dividends 4,000 Depreciation expense 5,500 Retained earnings (beginning of the year) 35,000 Prepare an income statement for the year. Pharoah Corporation did not issue any new stock during the year. (Enter negative amounts using elther a negative sign preceding the number eg.-45 or parentheses es. (45)) PHAROAH CORPORATION Income Statement