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