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The following items are taken from the financial statements ofLBJ Company for 20

The following items are taken from the financial statements ofLBJ Company for 2010:Accounts Payable $ 26500Accounts Receivable 6000Accumulated Depreciation 9600Bonds Payable 28000Cash 44000Common Stock 35000Cost of Goods Sold 19000Depreciation Expense 4800Dividends 5300Equipment 58000Interest Expense 3500Patents 9500Retained Earnings January 1 20000Salaries Expense 7200Sales Revenue 38500Supplies 5500PREPARE AN INCOME STATEMENT AND RETAINED EARNINGS STATEMENT

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