These items are taken from the financial statements of Pharoah Corporation for the year ended December 31, 2024: Additional information: 1. Pharoah started the year with $72,000 of common shares and issued $24,000 of common shares during the year. 2. Pharoah must pay $8,800 of the bank loan payable in 2025 . (a1) Your answer is partially correct. Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above. These items are taken from the financial statements of Pharoah Corporation for the year ended December 31, 2024: Additional information: 1. Pharoah started the year with $72,000 of common shares and issued $24,000 of common shares during the year. 2. Pharoah must pay $8,800 of the bank loan payable in 2025 . (a1) Your answer is partially correct. Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above