Problem 2-21 (Static) Prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results LO 2-2, 2-3, 2-4 The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable Accumulated depreciation Cost of goods sold $ 40,000 104,000 280,000 15,000 Income tax expense Cash 130,000 Net sales 420,000 Equipment 240,000 Selling, general, and administrative expenses 59,000 Common stock (36,000 shares) 180,000 Accounts payable 30,000 Retained earnings, 1/1/22 34,000 Interest expense 6,000 Merchandise inventory 54,000 80,000 Long-term debt Dividends declared and paid during 2022 24,000 Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all income statement items reflect activities that occurred during the year ended December 31, 2022. There were no changes in paid-in capital during the year