The following items are taken from the financial statements of LBJ Company for 2010:Accounts Payable $ 26,500Accounts Receivable 6,000Accumulated Depreciation 9,600Bonds Payable 28,000Cash 44,000Common Stock 35,000Cost of Goods Sold 19,000Depreciation Expense 4,800Dividends 5,300Equipment 58,000Interest Expense 3,500Patents 9,500Retained Earnings, January 1 20,000Salaries Expense 7,200Sales Revenue 38,500Supplies 5,500PREPARE AN INCOME STATEMENT AND RETAINED EARNINGS STATEMENT--
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