Use the following account information to develop an income statement, statement of stockholders equity and balance sheet for Gibbons Company as of December 31, 2015.

Gibbons Company Account

Amount

Accounts Payable

$ 3,500

Accounts Receivable

8,000

Accrued Expenses Payable

1,200

Accumulated Depreciation

6,000

Additional Paid-in-Capital

2,000

Cash

4,400

Common Stock

8,000

Cost of Goods Sold

4,000

Depreciation

2,500

Dividends Payable

600

Gain on Disposal of Assets

100

Income Tax Expense

200

Interest Expense

400

Inventory

2,800

Long-Term Investment

2,000

Long-Term Notes Payable

12,000

Prepaid Expenses

200

Property and Equipment

25,000

Retained Earnings Beginning Balance

11,800

Sales Revenue

9,500

Selling and Administrative Expense

1,400

Short-Term Investment

100

Unearned Revenue

300