Accounts payable Accounts receivable $17,200 7,000 BLUE SPRUCE COMPANY Income Statement Accumulated depreciation-equipment 5,000 Bonds payable 17,000 D Cash 22,000 Common stock 26,400 Cost of goods sold 27,600 Depreciation expense 5,700 Dividends 5,200 Equipment 40,000 Interest expense 2,000 Patents 5,180 Retained earnings, January 1, 2022 5,700 Salaries and wages expense 5,300 Sales revenue 51,500 Sunplies 2,820