Current Attempt in Progress- Pharoah Ltd is a Canadian private company.docx

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Current Attempt in Progress: Pharoah Ltd is a Canadian private company following ASPE. Following are the partial trial balances for Pharoah as at December 31 : During 2024. Pharoah collected $397 , 000 in cash from its customers. Pharoah also paid out cash of $155 , 000 for salaries and wages. $69 , 000 for income taxes, $38 , 500 for insurance, and $25 , 600 for interest: Prepare a single-step income statement for Pharoah Ltd. for the year ended December 31. 2024. .

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