the items described below.

Prepare an updated December $31,2022,$ trial balance, reflecting the journal entries in part$($a$).$

Unrecorded transactions and adjustments:

On January $1,2022,$ Pharoah issued $1,120$ shares of $$20$ par, $6\%$ preferred stock for $$24,640.$

On January $1,2022,$ Pharoah also issued $1,120$ shares of common stock for $$25,760.$

Pharoah reacquired $336$ shares of its common stock on July $1,2022,$ for $$49$ per share.

On December $31,2022,$ Pharoah declared the annual cash dividend on the preferred stock and a $$1\mathrm{.}50$ per share dividend on the outstanding common stock, all payable on January $15,2023$

Pharoah estimates that uncollectible accounts receivable at year$-$end are $$5,712.$

The building is being depreciated using the straight$-$line method over $30$ years. The salvage value is $$5,600.$

The equipment is being depreciated using the straight$-$line method over $10$ years. The salvage value is $$4,480.$

The unearned rent was collected on October $1,2022.$ It was receipt of $4$ months' rent in advance $($October $1,2022$ through January $31,2023).$

The $10\%$ bonds payable pay interest every January $1.$ The interest for the $12$ months ended December $31,2022,$ has not been paid or recorded.

$\frac{0\mathrm{.}2}{1},$vdots$-=$