Use the following information to construct an income statement for this company. Account Balance Accounts payable 10,500 Accounts receivable 53,500 Accumulated depreciation 13,000 Advertising expense 1,250 Cash 5,500 Depreciation expense 7,000 Interest expense 5,000 Interest payable 5,000 Long-term Debt 25,000 Office supplies 2,000 Office supplies expense Salaries expense 2,500 Uneamed Revenues 5,500 Wages expense 5,000 Common Stocks Cost of Goods Sold 37,500 Property, Plant & Equipment (gross) 54,000 Retained Earnings 9,500 Sales 106,250 Taxes 19,000 500 46,500