Solve for (b) Prepare an income statement for the year ended Dec. 31, 2012. A E1-8 The following items and amounts were taken from Linus Inc.'s 2012 income state- ment and balance sheet. Cash $ 84,700 A Accounts receivable 88,419 SE Retained earnings 123,192 R Sales revenue 584,951 E Cost of goods sold 438,458 L_Income taxes payable 6,499 E Salaries and wages expense 115,131 L Accounts payable 49,384 Prepaid insurance 7,818 R Service revenue 4,806 A Inventory $ 64,618 E Interest expense 1,882 Instructions (a) In each, case, identify on the blank line whether the item is an asset (A), liability (L.). stockholder's equity (SE), revenue (R), or expense (E) item. (b) Prepare an income statement for Linus Inc. for the year ended December 31, 2012