Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for Goldie Company. Fees for services performed during the year, $125,000 Accounts payable, $17,700 Accounts receivable, $18,100 Miscellaneous expenses for the year, $8,800 Supplies on hand, $3,600 Notes payable, $27,000 Interest expense on the note for the year, $3,000 Equipment, $93,100 Cash on hand, $11,400 Salaries expense for the year, $71,200 Supplies expense for the year, $8,700 Rent expense for the year, $11,700 Common stock that has been issued, $53,000 Retained earnings at the end of the year, $28,500
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