I post this question and got an incorrect solution.

Financial ratios computed for Whittaker Inc include the following: - All sales during the year were made on account. Cash collections during the year exceeded sales by $28,000, and no uncollectible accounts were written off. - The balance of the accounts receivable account was $114,000 on January 1,2020. - No common stock was issued during the year. - Dividends declared and paid during the year were $15,200. - The balance of the inventory account was $96,000 on January 1, 2020. - Interest expense on the income statement relates to the 15% bonds payable; $20,000 of these bonds were issued on May 1, 2020 , the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount. Required: a. Complete the income statement and balance sheet for Whittaker Inc. Answer is complete but not entirely correct. polnts X Answer is complete but not entirely correct. WHITTAKER INC. Balance Sheet December 31,2020 Current assets: \begin{tabular}{|l|} \hline Cash \\ \hline Accounts receivable, net \\ \hline Inventory \end{tabular} Inventory Total current assets Property, plant, and equipment, net. Total assets Current liabilities Bonds payable, 15% Total liabilities Stockholders' equity: Common stock, \$2 par value $20,000 Additional paid-in capital Retained earnings Total stockhoiders' equity Total liabilities and stockholders' equity \begin{tabular}{|rr|} \hline 5 & 81,500x \\ \hline 5 & 244,500x \\ \hline \end{tabular}