An incomplete comparative income statement and balance sheet for Emore Corporation follow:

Requirment
1. Using the ratios, common-size percentages, and trend percentages given, complete the in¬come statement and balance sheet for Emore for 2016. Additional information:

Emore Corporation Comparative income Statements Years Ended December 31, 2016 and 2015 2016 2015 Sales revenue Cost of goods sold Gross profit Operating expense Operating income Interest expense Income before.income tax Income tax expense (30%) Net income 2,100,000 $2,000,000 1,100,000 900,000 700.000 200,000 20,000 180,000 54,000 20,000 Emore Corporation Balance Sheet December 31, 2016 and 2015 2016 2015 ASSETS Current 28,000 145,000 180,000 353,000 447,000 800,000 Cash Accounts receivable, net Inventory Total current assets Plant and equipment, net Total assets LIABILITIES Current liabilities 10% Bonds payable $160,000 160,000 240,000 400,000 Total liabilities STOCKHOLDERS EQUITY Common stock, $5 par Retained earnings 203,200 196,800 400,000 $800,000 Total stockholders' equity Total liabilities and stockholders' equity 2015 Additional information: Common size cost of goods sold 96: Common size common stock %; Trend percentage, Operating income Asset turnover Accounts receivable turnover Quick (acid-test) ratio Current ratio Return on equity (DuPont model) 2016 75% 27% 130% 55% 25.4% 100% 15 1.30 2.25 35%