Problem 2.4 The following items are taken from the financial statement of Cooper Lid for the end December 31, 2015 Accounts po Accounts na $19,500 4,000 Accumulated pre 4,800 Bonds payable 18,000 Cash 22.000 Common shares (1,500. nares issued) 25,000 Cost of goods sold 12,000 Depreciation expense 4,800 Dividends 300 Equipment 48,000 Goodwill 7,500 Income tax expense 1,000 Interest expense 3,500 $4.50 Market price per common share Retained earnings, beginning 16,000 8,200 Salaries expense 32,500 Sales revenue 4,500 Supplies we Instructions Prepare an Income Statement and a classified Balance Sheet for 2015