lHank B. Robinson Company appea Frank B. Robinson Company Comparative Balance Sheets $ 13,000 14,000 35,000 78,000 24,000) Cash $ 29,000 28,000 25,000 60,000 20,000) Property, Plant, and Equi Accuraulated Depreciation $ 122,000 $116,000 $27,000 5,000 27,000 18,000 45,000 $ 23,000 Bonds payable Common Stock Retained Eamings 33,000 14,000 38,000 122,000 116,000 Income Statement For the year ended December 31, 2016 Cost of goods sold $ 220,000 Gross profit Administration expense Income from opeations 180,000 40,000 24,000 16,000 14,000 10,000 Interest expanse 2,000 Income before income taxes 14,000 Income taxes 4,000 Net Income 10,000 9) Q @ 0'u @ia 4