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

Trial Balance
As of December 31st, 2005
Account	Debit	Credit
Cash		$317,300
Account Receivable	$1,041,696
Revenue		$1,041,696
Depreciation Expense	$12,000
Rent/Insurance	$52,000
Loan Payable		$16,700
Equity		120,000.00
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