Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013 income statement and the balance sheet as of December 31, 2013.
•Accounts payable $16,000
•Inventory $36,000
•Accounts receivable $30,000
•Land $80,000
•Bonds payables, long-term $200,000
• Goodwill $8,000
•Buildings $151,000
•Retained Earnings $160,000
•Cash $148,000
•Sales Revenue $500,000
•Common Stock $150,000
•Supplies Inventory $3,000
•Cost of goods sold $180,000
•Supplies Expense $6,000
•Equipment $70,000
•Wages Expense $40,000