QUESTION 1 Not complete Marked out of 29.00P Flag question The Rural Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 are shown below: RURAL COMPANY Income Statement For the Year Ended December 31, 2013 Sales Revenue Cost of Goods Sold $488,800 Wages Expense Depreciation Expense 26,000 Rent Expense Income Tax Expense 40,300 730,600 $819,000 139,100 36,400 Net Income RURAL COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets Cash $26,000 $48,100