The following items are taken from the financial statements of LBJ Company for 2010:

Accounts Payable $ 26,500
Accounts Receivable 6,000
Accumulated Depreciation 9,600
Bonds Payable 28,000
Cash 44,000
Common Stock 35,000
Cost of Goods Sold 19,000
Depreciation Expense 4,800
Dividends 5,300
Equipment 58,000
Interest Expense 3,500
Patents 9,500
Retained Earnings, January 1 20,000
Salaries Expense 7,200
Sales Revenue 38,500
Supplies 5,500

PREPARE AN INCOME STATEMENT AND RETAINED EARNINGS STATEMENT



AFTER PAYMENT ENTER PASSWORD : "SHIV" TO UNLOCK THE SOLUTION

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