INCOME STATEMENT, STATEMENT OF RETAINED EARNINGS, AND BALANCE SHEET The following information relates to Ashton Appliances for 2009.

Accounts payable $ 18,000 Accounts receivable 70,000 Accumulated depreciation, building 100,000 Accumulated depreciation, fixtures 30,000 Bonds payable (due in 7 years) 192,000 Building 300,000 Cash 41,000 Common stock 245,000 Cost of goods sold 510,000 Depreciation expense, building 10,000 Depreciation expense, fixtures 12,000 Furniture and fixtures 130,000 Income tax expense 14,000 Income tax payable 12,000 Insurance expense 36,000 Interest expense 21,000 Inventory $ 60,000 Other assets 93,000 Rent expense, store equipment 79,000 Retained earnings, 12/31/2008 54,000 Salaries expense, administrative 101,000 Salaries payable 7,000 Sales revenue 946,000 Wages expense, store 127,000 Required: