Tek Corporation ended 2013 with cash of $100,000, accounts receivable of $200,000, and inventory of $250,000. Property, plant and equipment were valued at their original cost of $450,000, less accumulated depreciation of $150,000. Current liabilities other than income taxes owed were $120,000, and long-term debt was $200,000. Stockholders equity consisted of $90,000 capital stock investment and accumulated retained earnings which had totaled $120,000 at the end of 2012. Net sales for 2013 were $950,000. Expenses included $400,000 as cost of goods sold, $50,000 as allowance for depreciation, $80,000 as selling expense, and $60,000 as G&A expense. Interest income and expense were $5,000 and $25,000, respectively, and income taxes for the year (unpaid at years end) were $80,000. Dividends of $20,000 were paid. Prepare a balance sheet and an income statement reflecting these figures.