Problem 2-22 (Algo) Prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results LO 2-2, 2-3, 2-4 The following information was obtained from the records of Shae Incorporated: Merchandise inventory $148,500 Notes payable (long-term) 165,000 Bet sales 495,000 Buildings and equipment 297,000 Selling, general, and administrative expenses 49,500 Accounts receivable 74,250 Common stock (20,000 shares) 240,000 Income tax expense 31,200 Cash 279,772 Retained earnings, 1/1/22 147,600 9,900 297,000 Accrued liabilities Cost of goods sold Accumulated depreciation Interest expense Accounts payable Dividends declared and paid during 2022 133,650 44.500 49,500 16,928 Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all income statement items reflect activities that occurred during the year ended December 31, 2022. There were no changes in paid-in capital during the year