The Hill Company prepares quarterly and year-to-date interim reports. The following is its interim income statement for the quarter ended March 31, 2007:

On June 30, 2007, the company accountant completed a worksheet in preparation for developing the year-to-date interim income statement. The following are the accounts and amounts listed in the income statement debit and credit columns of this worksheet:

Required
Based on the given information, and assuming 20,000 shares of common stock have been outstanding for the entire 6 months, for the Hill Company prepare:
1. A year-to-date interim income statement for the first 6 months of 2007.
2. An interim income statement for the second quarter of2007

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Sales (net) Cost of goods sold Gross profit Operating expenses $150,000 (90,000) 60,000 Selling expenses $18,000 General expenses 10,600 8,000 (36,600 Depreciation expense Pretax operating income Other items 23,400 Dividend revenue $ 600 Interest expense Income before income taxes Income tax expense Net income Earnings per share (20,000 shares) (400) 23,000 7,000 $.80 Debit Credit Sales (net) Interest revenue Dividend revenue Cost of goods sold Selling expenses General expenses Depreciation expense Interest expense Income tax expense $340,000 500 1,000 $190,000 50,000 20,000 16,000 2, 100 19,200