Problem 24 The following items are taken from the financial statements of Cooper Ltd. for the year ended December 31, 2015 Accounts payable Accounts receivable Accumulated depreciation - equipment Bonds payable Cash Common shares (1,500 shares issued) Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Interest expense Market price per common share Retained earnings, beginning Salaries expense Sales revenue Supplies $19,500 4,000 4,800 18,000 22.000 25 000 12,000 4.800 300 48,000 7,500 1,000 3500 $450 16.000 8200 32.500 4,500 Instructions Prepare an income Statement and a classified Balance Sheetor 2015)