create an income statement for the year ending December 31, based on the financial statement data shown blow.
1. Accounts payable	$16,459
2. Accounts receivable	5,612
3. Cash	14,557
4. Cost of sales	62,752
5. Income tax expense	167
6. Interest expense	210
7. Inventories	8,299
8. Net cash provided by operating activities	6,842
9. Net cash flows used for investing activities	(5,065)
10. Net sales	88,988
11. Other expense	118
12. Other income	76
13. Property, plant, and other long-term assets	16,967
14. Selling, general, and administrative expenses	26,058
15. Retained earnings (Dec. 31)	2,190