The following information relates to Phaorah Co. for income statement and owners equity.

Current Attempt in Progress The following information relates to Pharoah Co. for the year 2022. Owner's capital, January 1, 2022 $63,115 Advertising expense $2,367 Owner's drawings during 2022 7,889 Rent expense 13,675 Service revenue 83,628 Utilities expense 4.076 Salaries and wages expense 38,790 (a1) After analyzing the data, prepare an income statement for the year ending December 31, 2022. eTextbook and Media List of Accounts Save for Later PHAROAH CO. Income Statement $ Attempts: 0 of 5 used Submit Answer