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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

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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. Prepare a corporate income statement. (List other revenues before other expenses.) PHAROAH CORPORATION Income Statement For the Year Ended December 31, 2022 \begin{tabular}{|lll} \hline Sales Revenue & \\ \hline \end{tabular} Cost of Goods Sold Gross Profit/ /Loss) \begin{tabular}{|l|l|} \hline 101000 & 1 \\ \hline & 221000 \\ \hline \end{tabular} Calculate earnings per share. (Round answer to 2 decimal places, e.g. 2.25.) Earnings pershare $

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