The following items and amounts were taken from Familia Inc.’s 2025 income statement and balance sheet, the end of its first year of operations.

Instructionsa. In each case, identify on the blank line whether the item is an asset (A), liability (L), stockholders’ equity (SE), revenue (R), or expense (E) item.b. Prepare an income statement for Familia Inc. for December 31, 2025.

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Interest expense Interest payable Notes payable Sales revenue Cash Salaries and wages expense $ 2,200 700 11,800 44,300 2,900 15,600 Equipment, net Depreciation expense Supplies Common stock Supplies expense $54,700 3,200 4,100 26,800 900