Current Attempt in Progress The following selected accounts from the Pharoah Company's general ledger are presented below for the year ended December 31 2022: Advertising expense Common stock Cost of goods sold $67,000 Interest revenue $44,000 262,000 Inventory 79,000 1,097,000 Rent revenue 24,000 Depreciation expense 137,000 Retained earnings 547,000 Dividends 162,000 Salaries and wages expense 686,000 Freight-out 37,000 Sales discounts 9,800 Income tax expense 82.000 Sales returns and allowances 55,000 Insurance expense 15,000 Sales revenue 2,411,000 Interest expense 81,000 Prepare a multiple-step income statement. Pharoah Company