Inventory$6,500$Common stock$45,000$Cash$16,550$Operating expenses$1,350$Short$-$term notes payable$600$Interest expense$900$Depreciation expense$500$Sales$12,800$Accounts receivable$9,600$Accounts payable$4,800$Long$-$term debt$55,000$Cost of goods sold$5,750$Buildings and equipment$122,000$Accumulated depreciation$34,000$Taxes$1,440$General and administrative

expense$850$Retained earnings $?$

Lieberman, Inc. Balance Sheet"

"ASSETS$0$$$""0""0"$

"Total current assets $$""0""0""0$$$""$Total assets

$ Lieberman, Inc. Balance Sheet""ASSETS$0$$$""0""0""$Total current assets $$""0""0""0$$$""$Total assets $Complete the income statement below:$($Round to the nearest dollar. NOTE: You may input expense accounts as negative values.$)$ Lieberman, Inc.

Income Statement$0$$$0$Gross profits$$0$$$0$Total operating expense$Operating income $($EBIT$)$$$0$Earnings before taxes$$0$Net income$