These financial statement items are for Pharoah Company at year-end, July 31, 2022. Salaries and wages payable $1,700 Notes payable (due after 2023) $1,700 Salaries and wages expense 51,800 Cash 13,400 Utilities expense 22,500 Accounts receivable 9,500 Equipment 29,100 Accumulated depreciation-equipment 6,300 Accounts payable 4,500 Owner's drawings 3,800 Service revenue 61,100 Depreciation expense 4,500 Rent revenue 8,700 Owner's capital (beginning of the year) 50,600 (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) PHAROAH COMPANY Income Statement $ $ $ $