Question: Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the

Constructing Financial Statements from Account Data Barth Company reports the following

Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the balance sheet as of December 31,2016. E2-27. LO1, 2 mewo $16,000 Inventory. s 36,000 .80,000 . 8,000 MBC Accounts receivable. . 30,000 Land Bonds payable, long-term . . 200,000 Goodwill .. . 151,000 Retained earnings. 3,000 6,000 40,000 Equipment . 70,000 Wages expense

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