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 $ 19,200 Inventory $ 43,200 Accounts receivable 36,000 Land 96,000 Bonds payable long term 240,000 Goodwill 9,600 Buildings 181,200 Retained earnings 72,000 Cash 57,600 Sales revenue 480,000 Common stock 180,000 Supplies inventory 3,600 Cost of goods sold 216,000 Supplies expense 7,200 Equipment B4,000 Wages expense 48.000 Barth Company Income Statement For Year Ended December 31, 2011 Expenses Total expenses Net Income 5 Barth Company Balance Sheet