lent We, alid Burnley INTRO FIN Grace Problem 3-11A FULL SCREEN P You are presented with the following alphabetical list of accounts and balances (in thousands) for Cullumber Enterprises Inc. at June 30, 2018. All accounts have a normal balance. Accounts payable $ 3,400 Income tax payable Accounts receivable $ 100 3,100 Interest expense Accumulated depreciation-buildings 100 4,300 Land 7,100 Accumulated depreciation equipment 1,000 Long-term investments 3,600 Buildings 14,700 Inventory 4,600 Cash 2,700 Mortgage payable, due 2025 14,000 Common shares 5,400 Office expense 3,100 Cost of goods sold 13,600 Prepaid insurance 1,000 Dividends declared 2,100 Retained earnings 6,500 Equipment 3,100 Sales 25,100 Income tax expense 1,000 In addition to this information, common shares in the amount of $2,300 were issued during the year and $1,100 of the mortgage is currently due. Prepare an income statement for the year. (Enter amounts in thousands.) CULLUMBER ENTERPRISES INC. Income Statement Year Ended June 30, 2018