The following information relates to Cube Company's 2016 operations. Select the appropriate information and prepare an Income Statement in good form for the year 2016. Show all computations. Income tax is 35% of income before tax Ending inventories (raw materials + work in process + finished goods) $ 14,900 Selling, general & administrative expense 8,500 Dividends declared & paid 2,100 Collections from customers 88,700 Gain on sale of equipment 800 Beginning retained earnings 52,600 Interest expense 1,700 Cost of goods sold 72,200 Depreciation included in cost of goods sold 3,600 Net sales 89,600 Accounts payable at yearend 9,100