accounts were written oft . The balance of the accounts receivable account was $56,000 on January 1, 2020, No common stock was issued during the year Dividends declared and paid during the year were $5,202 . The balance of the inventory account was $111.420 on January 1, 2020 Interest expense on the income statement relates to the 12% bonds payable, $10,000 of these bonds were issued on May 1 2020 the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount Required: .. Complete the income statement and balance sheet for Whittaker Inc WHITTAKER INC Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Grossrol Operating expenses Income from operations Interest expense Income before takes Income taxes (25%) Net income $ 158,000 WHITTAKER INC. Balance Sheet December 31, 2020 Current assets Cash Accounts receivable, net Inventory Total current assets Property, plant, and equipment, net Total assets Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity Common stock, $A par value Additional paid-in capital Retained earnings Total stockholders equity Total liabilities and stockholders' equity 79,000 64,000 143,000 $ 20,000 30,000 a accounts were written oft . The balance of the accounts receivable account was $56,000 on January 1, 2020, No common stock was issued during the year Dividends declared and paid during the year were $5,202 . The balance of the inventory account was $111.420 on January 1, 2020 Interest expense on the income statement relates to the 12% bonds payable, $10,000 of these bonds were issued on May 1 2020 the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount Required: .. Complete the income statement and balance sheet for Whittaker Inc WHITTAKER INC Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Grossrol Operating expenses Income from operations Interest expense Income before takes Income taxes (25%) Net income $ 158,000 WHITTAKER INC. Balance Sheet December 31, 2020 Current assets Cash Accounts receivable, net Inventory Total current assets Property, plant, and equipment, net Total assets Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity Common stock, $A par value Additional paid-in capital Retained earnings Total stockholders equity Total liabilities and stockholders' equity 79,000 64,000 143,000 $ 20,000 30,000 a