Prepare an Income statement

Cost of goods sold Common shares Advertising expense Equipment Depreciation expense Dividends declared Accounts payable Inventory Wages expense Sales revenue Accounts receivable $98,200 37,700 5,300 18,400 1,840 3,770 11,400 20,500 34,600 195,700 14,300 Rent expense Cash Prepaid rent Wages payable Retained earnings (as at July 1, 2019) 10,400 62,690 3,100 7,900 20,400