Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the balance sheet as of December 31, 2016.

Accounts Payable-$16,000 Accounts Recievable- 30,000 Bonds Payable-200k Buildings-151 K Cash-148K Common Stock-150K COGS-180K

Equipment-70K Inventory-36K Land-80K Goodwill-8K Retained earnings-160K Sales Revenue-500K Supplies Inventory-3K Supplies expense-6K

Wages Expense: 40K