The trial balances before and after adjustment for Pharoah Company at the end of its fiscal year are presented below.

PHAROAH COMPANY Trial Balance August 31, 2022
		Before Adjustment				After Adjustment
		Dr.		Cr.		Dr.		Cr.
Cash		$10,200				$10,200
Accounts Receivable		9,000				10,000
Supplies		2,400				600
Prepaid Insurance		3,700				2,500
Equipment		13,300				13,300
Accumulated DepreciationEquipment				$ 3,500				$ 4,400
Accounts Payable				5,700				5,700
Salaries and Wages Payable				0				1,200
Unearned Rent Revenue				1,300				700
Owners Capital				15,000				15,000
Service Revenue				33,800				34,800
Rent Revenue				11,000				11,600
Salaries and Wages Expense		16,900				18,100
Supplies Expense		0				1,800
Rent Expense		14,800				14,800
Insurance Expense		0				1,200
Depreciation Expense		0				900
		$70,300		$70,300		$73,400		$73,400

(a)

Prepare the income statement for the year.