Impen Cullumber Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $85,000 $3,200 $1,600 $11,000 $200 $51,600 $18,100 $596,000 $7,100 $101,100 $303,200 $8,700 $42,300 Interest Expense Land Office salaries Sales Salaries

Supplies expense Insurance expense Depreciation expense Income tax expense Dividend Payments Interest Income Inventory $13,000 $24,700 $72,000 $99,800 $18,200 $9,800 $18,500 $5,400 $12,900 $18,500 $15,300

using above information, prepare the statement of income

Cullumber Grove Hardware has the following balances in the company ledgers for the year ending December 31 : Cullumber Grove Hardware has the following balances in the company ledgers for the year ending December 31