The below is the trial balance for Wavemaker Inc for the year ended December 31, 2019. Land Property, plant and equipment, cost Property, plant and equipment, depreciation Intangible assets Bank loan payable Accounts receivable Inventory Prepayments Cash Accounts payable Taxes payable Share capital Share premium Treasury shares Retained eamings Costs of good sold Selling, general and administrative expenses Depreciation Interest expense Tax expense Revenue Gain on sale of fixed assets Dividends paid Debit (US Credit (US 100,000 75,000 18,000 45,000 80,000 28,000 15,000 12,000 16,000 23,000 12.000 12,000 88,000 20,000 50,000 122,000 69,000 12,000 4.500 9,600 247,900 1,200 14,000 532,100 532, 100 Required: Prepare the income statement and balance sheet for the year ended December 31, 2019