The records of Skymaster Airplane Rentals show the following information as of December 31, 2011 
Dividends of $52,000 were paid during 2011.
Using the above information, prepare an income statement for 2011.
Definitions:
Capital Goods
Long-lasting tangible assets that businesses use in the production of goods and services, such as machinery, buildings, and equipment.
LDCs
Less Developed Countries, nations with a lower level of material wealth, industrialization, and socio-economic development.
Terms Of Trade
The ratio at which a country can trade its exports for imports from other countries.
Price Stability
An economic objective aiming to maintain a steady rate of inflation, allowing for predictable planning and investing.
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