The comparative statement of financial position for Pharoah Retailers Ltd. follows: Additional information regarding 2021: 1. Net income was $33,000. 2. Depreciation expense was $18,000. 3. During the year, the company did not receive any new bank loans. 4. During the year, the company did not purchase furniture but did sell some furniture for $8,000, which resulted in a gain on disposal of $2,000. 5. No common shares were issued during the year but some were repurchased at the cost at which they were originally issued. 6. During the year, the company paid all dividends declared