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Please create income statement and balance sheet from the trial balance below. Trial Balance...

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Accounting

Please create income statement and balance sheet from the trial balance below.

Trial Balance
As of December 31st, 2005
Account Debit Credit
Cash $437,300
Account Receivable $1,041,696
Revenue $1,041,696
Depreciation Expense $12,000
Rent/Insurance $52,000
Loan Payable $16,700
Utilities Expense $12,000
Accumulated Depreciation $12,000
Intangible Asset $95,000
Wage Expense $330,000
Account Payable $50,000
Professional Fees $15,000.00
Total $1,557,696 $1,557,696

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