The following selected accounts from the Pharoah Company's general ledger are presented below for the year ended December 31, 2022 Advertising expense $ 67,000 interest revenue Common stock 262,000 Inventory 1,097,000 Rent revenue Cost of goods sold Depreciation expense $ 44,000 79,000 24,000 547,000 686,000 137,000 Retained earnings Dividends 162,000 Salaries and wages expense Freight-out 37,000 Sales discounts 9,800 Income tax expense 82,000 Sales returns and allowances 55,000 Insurance expense 15,000 Sales revenue 2,411,000 Interest expense 81,000 Prepare a multiple-step income statement Pharoah Company Income Statement