Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2011. Prepare the 2011 income statement and the balance sheet as of December 31, 2011. Accounts payable Accounts receivable Bonds payable, long-term Buildings Cash Common stock Cost of goods sold Equipment $ 24,000 Inventory $ 54,000 45,000 Land 120,000 300,000 Goodwill 12,000 | 226,500 Retained earnings 90,000 72,000 Sales revenue 600,000 225,000 Supplies inventory 4,500 270,000 Supplies expense 9,000 105,000 Wages expense 60,000 Barth Company Income Statement Year Ended December 31, 2011 Expenses Total expenses Net income Barth Company Balance Sheet December 31, 2011 Assets Cash Liabilities and equity Total current assets Total liabilities Total equity Total liabilities and equity Total assets $