The adjusted trial balance for Pharoah Company is shown below. PHAROAH COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment Cr. Dr. Cr. Dr. Cash $10,200 Accounts Receivable 9,000 $10,200 10,000 Supplies 2,400 600 Prepaid Insurance 3,700 2,500 Equipment 13,300 13,300 Accumulated Depreciation-Equipment $3,500 $4,400 Accounts Payable 5,700 5,700 Salaries and Wages Payable 0 1,200 Unearned Rent Revenue 1,300 700 Owner's Capital 15,000 15,000 Service Revenue 33,800 34,800 Rent Revenue 11,000 11,600 Salaries and Wages Expense 16,900 18,100 Supplies Expense 0 1,800 Rent Expense 14,800 14,800 Insurance Expense 0 1,200 Depreciation Expense 0 900 $70,300 $70,300 $73,400 $73,400 Prepare the income statement for the year. PHAROAH COMPANY Income Statement $ 60 $