Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2011. Prepare the 2011 income statement and the balance sheet as of December 31, 2011. Accounts payable Inventory $43,200 Accounts receivable $19,200 36,000 Bonds payable, long-term 240,000 Land 96,000 Goodwill 9,600 Buildings 181,200 Retained earnings 72,000 Cash Common stock 57,600 Sales revenue 180,000 Supplies inventory 480,000 3,600 Cost of goods sold Equipment 216,000 84,000 Supplies expense Wages expense 7,200 48,000 Expenses Barth Company Income Statement For Year Ended December 31, 2011 Total expenses Net income Assets Cash Total current assets. : $ Total assets $ $ Barth Company Balance Sheet December 31, 2011 Liabilities and equity Total liabilities Total equity Total liabilities and equity $