Using the data below, prepare a) the income statement and b) the balance sheet

Depreciation		66,000
Cash		225,000
Long-Term Debt		334,000
Net Sales		573,000
Accounts payable		102,000
General and admin. Expenses		79,000
Buildings and Equipment		895,000
Notes payable		75,000
Accounts receivable		153,000
Interest expense		4,750
Accrued expenses		7,900
Common Stock		289,000
Cost of Goods sold		297,000
Inventory		99,300
Taxes		50,500
Accumulated Depreciation		263,000
Prepaid expenses		14,500
Taxes payable		53,000
Retained earnings		262,900