i just need correct answer i have been trying

webapps%252Fportal 25 Saved Help Save & Exit Submit Check my work Indicate whether the item is on the balance sheet or the income statement. If it is on the balance sheet, designate which category (If there is no category, select "None" from the drop down menu.) Item Income Statement Balance Sheet Category Current assets Stockholders' equity INone Current abilities Current assets None Fixed assets Long-term labies Accounts receivable Retained earnings Income tax expenso Accrued expenses Cash Selling and administrative expenses Plant and equipment Operating expenses Marketable securities Interest expenso Sales Notes payable (6 months) Bonds payable, maturity 20 years Common stock Depreciation expense Inventories Capital in excess of par value Net income (earnings after taxes) Balance sheet Balance sheet Income statement Balance sheet Balance sheet Income statement Balance sheet ncome statement Balance sheet income statement ncome statement Balance sheet Balance sheet Balance sheet income statement balance sheet Balance sheet income statement None Rong-term liblities Stockholders'equity None None Current assets None None Next > Prev 3 of 17 Stein Books Inc. sold 2,000 finance textbooks for $250 each to High Tuition University in 20X1. These books cost $210 to produce. Stein Books spent $12,200 (selling expense) to convince the university to buy its books. Depreciation expense for the year was $15,100. In addition, Stein Books borrowed $101,000 on January 1, 20X1, on which the company paid 10 percent interest. Both the interest and principal of the loan were paid on December 31, 20X1. The publishing firm's tax rate is 30 percent Prepare an income statement for Stein Books. Stein Books Inc. Income Statement For the Year Ending December 31, 20X1 Sales $ Cost of goods sold Gross profit $ Depreciation expense 500,000 420.000 80,000 15,100 101,000 (36,100) $ Operating profit s Earnings before taxes Selling expense (36.100) 12.780 (48,880) $