Create an income statement and a balance sheet from the information below $($this information is repeated but remains the same on other questions$).$ Assume that the income tax rate for Peter's cookies is $6\%$ and Peter's cookies does not incur any additional debt, issue any additional stock or distribute any dividends $($hint: round up taxes to next whole dollar and net income is equal to retained earnings$).$

Financial data

$\backslash$table$[[$Cash$,12,000],[$Cost of goods sold,$90,555],[$Short term debt,$100,000],[$Sales$($revenue$),241,055],[$Building$,175,000],[$Long term debt,$120,000],[$Expenses$,73,555],[$Inventory$,37,955],[$Interest expense,$6,000],[$Equipment$,32,733],[$Accounts payable,$122,000],[$Accounts receivable,$36,000],[$Equity$,35,000],[$Marketable securities$,150,000]]$

As of December $31,2012$ what is the net income for Peter's Cookies

$$88,666$

$$66,688$

$$88,866$

$$66,888$