The current assets and liabilities sections of the comparative balance sheet of Pharoah Inc.. a private company reporting under ASPE, at October 31 are presented below, along with the income statement: PHAROAH INC. Comparative Balance Sheet Accounts 2021 2020 Cash $48,510 $51,450 Accounts receivable 31,360 20,090 Inventory 15,925 22,540 Prepaid expenses 3,675 2,842 Accounts payable 21,070 17,640 Accrued expenses payable 2,450 3,920 Dividends payable 11,760 8,330 Income taxes payable 3,332 5,782 Sales PHAROAH INC. Income Statement Year Ended October 31, 2021 $306,250