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Items from financial statements
Accounts payable	15,000
Accounts receivable	10,000
Accumulated retained earnings	70,000
Bonds payable	60,000
Capital surplus (paid-in capital)	40,000
Cash	5,000
Common equity	18,000
Cost of goods sold	40,000
Depreciation	6,000
Goodwill	50,000
Interest expense	4,500
Inventories	20,000
Net Equipment	60,000
Patents	68,000
R&D	5,000
Sales	90,000
Selling, general, and administrative expenses	15,000
Taxes payable	10,000

1. Based on the financial information presented, prepare a balance sheet for BCD Company.

2. Based on the financial information presented, prepare an income statement for BCD Company. Use 26% tax rate