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. E2-27. LO1, 2 mewo $16,000 Inventory. s 36,000 .80,000 . 8,000 MBC Accounts receivable. . 30,000 Land Bonds payable, long-term . . 200,000 Goodwill .. . 151,000 Retained earnings. 3,000 6,000 40,000 Equipment . 70,000 Wages expense