These items are taken from the financial statements of Pharoah Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue $95,220 11,340 2,880 10,656 74,160 55,080 702 4,770 2,340 54,000 36,000 41,040 8,550 84,240 16,848 3,240 13,230 PHAROAH COMPANY Balance Sheet December 31, 2022 Assets Current Assets Current Assets Cash 10,656 Accounts Receivable 11,340 Prepaid Insurance Prepaid Insurance 2,880 Total Current Assets 24,876 Property, Plant and Equipment Land 55,080 Buildings $ 95,220 1040 Less : Accumulated Depreciation-Buildings D 4 41,040 54.180 54,180 Equipment 74,160 Less Accumulated Depreciation-Equipment 16,848 57,312 166,572 Total Assets 191,448 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 8,550 Notes Payable 84,240 Interest Payable 3,240 Total Current Liabilities Long-Term Liabilities Notes Payable Total Liabilities - Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity A Total Liabilities and Stockholders' Equity