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The balance sheet for Pharoah Company is as follows: Pharoah Company Balance Sheet December 31, 2022 Cash Accounts receivable Inventory Supplies Prepaid insurance Land
The balance sheet for Pharoah Company is as follows: Pharoah Company Balance Sheet December 31, 2022 Cash Accounts receivable Inventory Supplies Prepaid insurance Land Buildings Less: Accumulated depreciation Trademark Total assets $22,000 Accounts payable 16,500 10,800 Note payable (due 2025) 1,000 Total liabilities Salaries and wages payable $ 3,200 2,700 157,000 162,900 2,600 24,800 $242,000 Common stock 30,000 (107,000) 135,000 Retained earnings 21,900 2,100 Total stockholders' equity 51,900 $214,800 Total liabilities and stockholders' equity $214,800 Compute (a) total current assets and (b) total property, plant and equipment. (a) Total current assets $ (b) Total property, plant and equipment $
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