Below find the trial balance for Nybrostrand Company. Prepare an income statement and balance sheet in good format. After you have completed the two statements comment on the success of the company. Support your answer with information from the financial statements you justprepared.

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Sybrostrand Company 31-Dec-11 Trial Balance (accounts in alphabetical order) Debit Credit S 67,000 Accounts payable Accounts receivable Cash Common stock Depreciation expense Cost of goods sold Equipment (net of depreciation) Insurance Inventory Long-term debt Marketing Paid-in capital Property taxes Rent Retained earnings Revenues Salaries Utilities Total S 24,500 S 16,700 S 10,000 S 24,350 S 254.000 S 425,000 S 1.400 S 25,000 S 145,000 S 4,500 S 90,000 S 8,900 S 18,000 S 108,550 S 456,000 S 67,500 S 6,700 S 876.550 S 876.550