The following information is available for Pharoah Corporation for the year ended December 31,2022 : sales revenue $790,000, other revenues and gains $91,000, operating expenses $101,000, cost of goods sold $468,000, other expenses and losses $34,500, and preferred stock dividends $43,050. The company's tax rate was 20%, and it had 54,000 common shares outstanding during the entire year. |