You are provided with the following information for Pharoah Company, effective as of its April 30, 2022. year end. $366 300 730 1,300 Accounts payable Accounts receivable Accumulated depreciation equipment Cash Common stock Cost of goods sold Depreciation expense Dividends 16,600 1.020 330 350 Equipment 2,540 Goodwill 2.000 Income tax expense 185 Income taxes payable 135 320 470 Insurance expense Interest expense Inventory Investment in land 960 15.130 Land 3.200 3.700 69 70 Mortgage payable (long term Notes payable (short term Prepaid Insurance Retained earnings (beginning) Salaries and wages expense Salaries and wagers payable 1.800 650 205 Sales revenue 6,500 Stock investments short-term) 1,200 PHAROAH COMPANY Income Statement For the Year Ended April 30, 2022 Revenues Sales Revenue $ 6500.00 Expenses Cost of Goods Sold $ 1020.00 Me Salaries and Wages Expense 650.00 i Interest Expense 470.00 i Depreciation Expense 330.00 i Insurance Expense 320.00 i Income Tax Expense 185.00 i Total Expenses 2975 i Net Income /(Loss) A 3525.00 PHAROAH COMPANY Retained Earnings Statement For the Year Ended April 30, 2022 Retained Earnings, May 1, 2021 Add : Net Income /(Loss) Less Dividends Retained Earnings, April 30, 2022 $