E$02-27.$STAT

Question $1$

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Mark $7\mathrm{.}50$ out of $12\mathrm{.}50$

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Construct Financial Statements from Account Data

Barth Company reports the following year$-$end account balances at December $31$:

$\backslash$table$[[$Accounts payable,$$16,000],[$Accounts receivable,$30,000],[$Bonds payable, long$-$term,$200,000],[$Buildings$,151,0,6,000],[$Wages expense,$40,000]]$

Prepare the income statement and the balance sheet as of December $31,$ in good form.