Constructing Financial Statements from Account Data 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 Inventory $36,000 Accounts receivable $16,000 30,000 Bonds payable, long-term 200,000 Buildings Cash Land 80,000 Goodwill 8,000 151,000 Retained earnings 160,000 148,000 Sales revenue 500,000 150,000 Supplies inventory 3,000 Common stock Cost of goods sold Equipment 180,000 70,000 Supplies expense Wages expense 6,000 40,000 Expenses Barth Company Income Statement For Year Ended December 31, 2016 Total expenses Net income $ Barth Company Balance Sheet December 31, 2016 Assets Cash Liabilities and equity = $ Total current assets = Total liabilities = Total assets $ Total equity Total liabilities and equity $