- All sales during the year were made on account. Cash collections during the year exceeded sales by $16,000, and no uncollectible accounts were written off - The balance of the accounts receivable account was $44,000 on January 1,2023 - No common stock was issued during the year. - Dividends declared and paid during the year were $5,608 - The balance of the inventory account was $43,496 on January 1,2023 - Interest expense on the income statement relates to the 10% bonds payable; $12,000 of these bonds were issued on May 1, 2023 the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount. Required: 0. Complete the income statement and balance sheet for Whittaker Incorporated. Complete this question by entering your answers in the tabs below. Complete the income statement for Whittaker Incorporated. \begin{tabular}{|c|c|} \hline & \\ \hline & \\ \hline Current assets: & \\ \hline Cash & \\ \hline Accounts receivable, net & \\ \hline Inventory & $ \\ \hline Total current assets & \\ \hline Property, plant, and equipment, net & \\ \hline Total assets & \\ \hline Current liabilities & \\ \hline Bonds payable, 10% & \\ \hline Total liabilities & \\ \hline Stockholders' equity: & \\ \hline Common stock, $4 par value \\ \hline Additional paid-in capital \\ \hline Retained earnings \\ \hline Total stockholders' equity \\ \hline Total liabilities and stockholders' equity & \\ \hline \end{tabular}