These financial statement items are for Pharoah Company at year-end, July 31, 2022. Salaries and wages payable $3,900 Salaries and wages expense 59,200 Supplies expense 17,000 Equipment 20,060 Accounts payable 4,200 Service revenue 67,800 Rent revenue 9,900 Notes payable (due in 2025) 2,900 Common stock 16,000 Cash 32,840 Accounts receivable 10,900 Accumulated depreciation-equipment 7,600 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,700 o * o Prepare a retained earnings statement for the year. Pharoah Company did not issue any new stock during the year. PHAROAH COMPANY Retained Earnings Statement July 31, 2022 $ $ II e Textbook and Media lict of Accounts