Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013 income statement and the balance sheet as of December 31, 2013.

Accounts payable $16,000 Inventory $36,000 Accounts receivable $30,000 Land $80,000 Bonds payables, long-term $200,000 Goodwill $8,000 Buildings $151,000 Retained Earnings $160,000 Cash $148,000 Sales Revenue $500,000 Common Stock $150,000 Supplies Inventory $3,000 Cost of goods sold $180,000 Supplies Expense $6,000 Equipment $70,000 Wages Expense $40,000

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