CALCULATOR MESSAGE Exercise 5-6 (Part Level Submission) Presented below is information for Pharoah Company for the month of January 2017 Cost of goods sold Freight-out Insurance expense Salaries and wages expense 63,300 Sales revenue Income tax expense $34,200 8,200 19,300 396,000 5,400 Other comprehensive income (net of $400 tax) 2,000 $204,700 Rent expense 9,600 Sales discounts 13,400 Sales returns and allowances (a) Your answer is partially correct. Try again. Prepare an income statement using the multi-step format. PHAROAH COMPANY