Prepare the 2013 income statement

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Reference no: EM131197400

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

Reference no: EM131197400

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