Please answer the following question and show all calculations.

Liabilities & Shareholders' equity , Accetmts payable $ 80,000 S 43690 Notes payable . r x I0,000 SAW Bonds payable 1 . 180,000 258,000 Common shares " 430300 ' GO 000 ' Retained earnings k > 220 000 BUS! 453' ,; L > .. , Income Stateme'hisi' ' 'i 'J Forthc year ended December Crt" : - v, "itioflizaimfilexpcnsq v v L , ' 'Airflinisxtratimn 7, Gthfifbxjaensesf j- " t V expense ,- u