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Accounts payable $3,125 Accounts receivable 10,295 Accumulated depreciationequipment 6,600 Depreciation expense 3,175 Cash 21,100 Common stock 20,435 Dividends 2,825 Equipment 24,395 Sales revenue 20,475 Income

Accounts payable

$3,125
Accounts receivable 10,295
Accumulated depreciationequipment 6,600
Depreciation expense 3,175
Cash 21,100
Common stock 20,435
Dividends 2,825
Equipment 24,395
Sales revenue 20,475
Income tax expense 725
Income taxes payable 325
Interest expense 375
Interest payable 200
Notes payable (due in 2018) 4,845
Prepaid rent 405
Rent expense 805
Retained earnings, beginning 13,960
Salaries and wages expense

5,985

Prepare an income statement.

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