WOLFF COMPANY Income Statement For Year Ended December 31, 2013 Sales $635,000 Cost of goods sold.. Insurance expense.. Interest expense S430,000 86,000 8,000 17,000 9,000 29,000 579,000 $ 56,000 WOLFF COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets Cash Accounts receivable 11.,000 . 11,000 $ 5,000 32,000 60.000 7,000 195,000 (68,000) (61,000 $248,000 41,000 90,000 5,000 250,000 ation $329,000 Total assets .. . Liabilities and Stockholders' Equity Wages payable Income tax payable.... Bonds payable. Share capital etained earnings 9,000 7,000 130,000 90,000 86,000 s 10,000 6,000 8,000 75,000 90,000 59,000 $329,000 $329,000 $248,000 Total liabilities and equity