Unrecorded transactions and adjustments: On January 1, 2022, Pharoah issued 900 shares of $20 par, 6% preferred stock for $19,800. On January 1, 2022, Pharoah also issued 900 shares of common stock for $20,700. Pharoah reacquired 270 shares of its common stock on July 1, 2022, for $49 per share. On December 31, 2022, Pharoah declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. Pharoah estimates that uncollectible accounts receivable at year-end are $4,590. The building is being depreciated using the straight-line method over 30 years. The salvage value is $4,500. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,600. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded. 4