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

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Accounting

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

Trial Balance
As of December 31st, 2018
Account Debit Credit
Cash $8,000
Account Receivable $763,349
Revenue $763,349
Depreciation Expense $26,000
Rent/Insurance $35,000
Loan Payable $39,500
Equity $250,000
Utilities Expense $4,500
Accumulated Depreciation $26,000
Intangible Asset $55,000
Wage Expense $215,000
R&D Expense $4,125
Account Payable $16,125
Total $1,102,974 $1,102,974

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