Financial ratios computed for Whittaker Inc. include the following:

Current ratio		2.1	to 1
Acid-test ratio		1.5	to 1
Debt/equity ratio		2.0	to 1
Inventory turnover		4.0	times
Accounts receivable turnover		6.5	times
Times interest earned		5.40	times
Gross profit ratio		20	%
Return on investment		11.64	%
Earnings per share	$	7.99

• All sales during the year were made on account. Cash collections during the year exceeded sales by $13,000, and no uncollectible accounts were written off.
• The balance of the accounts receivable account was $57,000 on January 1, 2020.
• No common stock was issued during the year.
• Dividends declared and paid during the year were $6,602.
• The balance of the inventory account was $71,300 on January 1, 2020.
• Interest expense on the income statement relates to the 12% bonds payable; $10,000 of these bonds were issued on May 1, 2020; the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount.

Required: a. Complete the income statement and balance sheet for Whittaker Inc.