PENCOMP's balance sheet at December 31, 2017, is as follows.

PENCOMP, INC. BALANCE SHEET AS OF DECEMBER 31, 2017
Assets					Liabilities
Cash		$438			Notes payable		$1,000
Inventory		1,800			Pension liability		344
Total current assets		2,238			Total liabilities		1,344
Plant and equipment		2,000			Stockholders equity
Accumulated depreciation		(240	)		Common stock		2,000
		1,760			Retained earnings		896
Total assets		$3,998			Accumulated other comprehensive income		(242	)
					Total stockholders' equity		2,654
					Total liabilities and stockholders equity		$3,998

Additional information concerning PENCOMPs defined benefit pension plan is as follows.
Projected benefit obligation at 12/31/17		$820.5
Plan assets (fair value) at 12/31/17		476.5
Unamortized past service cost at 12/31/17		150
Amortization of past service cost during 2018		15
Service cost for 2018		42
Discount rate		10	%
Expected rate of return on plan assets in 2018		12	%
Actual return on plan assets in 2018		10.4
Contributions to pension fund in 2018		70
Benefits paid during 2018		40
Unamortized net loss due to changes in actuarial assumptions and deferred net losses on plan assets at 12/31/17		92
Expected remaining service life of employees		15
Average period to vesting of prior service costs		10

Other information about PENCOMP is as follows.
Salary expense, all paid with cash during 2018		$700
Sales, all for cash		3,000
Purchases, all for cash		2,000
Inventory at 12/31/18		1,800

Property originally cost $2,000 and is depreciated on a straight-line basis over 25 years with no residual value. Interest on the note payable is 10% annually and is paid in cash on 12/31 of each year. Dividends declared and paid are $200 in 2018.

Prepare an income statement for 2018. (Round answers to 1 decimal place, e.g. 52.7.)

PENCOMP, INC. Income Statement

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Prepare a balance sheet as of December 31, 2018.