LO1, 2,8 E2-36. Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the balance sheet as of December 31, 2016. Accounts payable.. $ 16,000 Inventory. Accounts receivable... 30,000 Land Bonds payable, long-term ... 200,000 Goodwill Buildings. .... 151,000 Retained earnings .. Cash ......... 148,000 Sales revenue.. Common stock. ... ... 150,000 Supplies inventory... Cost of goods sold...... .... 180,000 Supplies expense.... Equipment .................. 70,000 Wages expense........ .. $ 36,000 80,000 8,000 . 160,000 ... 500,000 3,000 6,000 40,000