Grier & Associates maintains its records on the cash basis. You have been engaged to convert its cash basis income statement to the accrual basis. The cash basis income statement, along with additional information, follows:

Grier & Associates Income Statement (Cash Basis) For the Year Ended December 31, 2017
Cash receipts from customers				$451,400
Cash payments:
Salaries and wages		$165,500
Income taxes		72,800
Insurance		43,200
Interest		23,100		304,600
Net income				$146,800

Additional information:

		Balances at 12/31
		2017		2016
Accounts receivable		$51,200		$29,700
Salaries and wages payable		10,200		21,000
Income taxes payable		22,600		18,500
Prepaid insurance		8,800		4,800
Accumulated depreciation		99,100		79,200
Interest payable		3,480		9,500

No plant assets were sold during 2017. Prepare the income statement as per accrual basis.