These items are taken from the financial statements of Pharoah Corporation for the year ended December 31, 2021 Prepaid insurance Repairs and maintenance expense Land Depreciation expense Accounts receivable Insurance expense Salaries expense Accumulated depreciation-equipment Income tax expense Supplies Operating expense Supplies expense Bank loan navable, due 2024 1,500 3,300 184,500 6,200 13,700 1,700 120,800 16,100 6,000 200 39,400 1,000 17,500 Additional information: 1. Pharoah started the year with $32,500 of common shares and issued $1,200 more during the year. 2. Pharoah must pay $1,500 of the bank loan payable next year in 2022 . 17