Please prepare a correct income statement and balance sheet

? ? ant Grades Calendar Learner's Guide Learner's Tutori... Locker Question 3 Income Statement & Balance sheet Prepare an Income Statement & Balance Sheet 20 marks Hill's Sports Club Trial Balance nty For the month ended January 31, 2010 Account Title ACC Debit Credit No Cash 100 7800 Accounts Receivable 101 2600 Office supplies 110 395 Land 120 25000 Building 121 110000 Training Equipment 122 99235 Accounts Payable 200 10700 Bank Loan 221 63001 Mortgage Payable 231 80000 K. Dubord, Capital 300 90680 K. Dubord, Drawings 301 1500 Member's Fees 400 12530 sports Equipment Rental 401 560 Towel Rental 402 150 Salaries Expense 4650 Advertising Expense 201 2700 Telephone Expense 502 190 Maintenance Expense 503 600 Licence Expense 504 1200 Interest Expense 505 1500 Laundry Expense 506 50 257620 257620