Complete the income statement December 31, 2013 if

Balance sheet December 31, 2013,

Assets Current assets: Cash $ 42,500

Account receivable, net 90,000

Inventory (raw material, 21000 pounds) 4,200

Finished goods invebtiry (2000 boxes) 26,000

Total current assets 162,700

Property equipment: Land 80,000

Building and equipment, net 700,000

Accumulated depretiation (292,000)

Total property and equipment 488,000

Total assets $ 650,700

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ 25,800

Total Current Liabilities 25,800

Stockholders' equity:

Common stocks, $12 par 175000

Retained earning 449,900

Total stockholders equity 624,900

Total liabilities and stockholders equity $ 650,700