we have to prepare balance sheet and invome statement yo follow trial

2 Trial balance 3 For the year ended August 31, 2019 4 Account Name Debit Credit s Accounts Payable $ $ 95,015.75 6 Accounts Receivable $ 433,466.00 $ 7 Accumulated depreciation - Office Equipment $ $ 97,616.54 8 Advertising Expense $ 2,499.91 $ 9 Allowance for Doubtful Accounts $ $ 11,963.66 10 Bad Debts Expense $ 2,143.49 $ 11 Cash $ 174,311.96 $ 12 Common Shares $ $ 96,402.84 13 Cost of Goods Sold $ 1,295,639.63 $ 14 Depreciation Expense S 11,240.86 $ 15 Dividends declared $ 2,236.68 $ 16 Income Tax Payable $ $ 292,676.24 17 Insurance Expense $ 2,641.98 $ 18 Interest Expense $ 5,159.33 $ 19 Interest Revenue $ S 1,645.00 20 Inventory $ 100,043.95$ 21 Land $ 310,881.82 S 22 Long term Investments $ 670,311.82 $ Directions Data Income Statement Balance Sheet Ready HE Type here to search o i 3 5 23 Miscellaneous Expense 24 Mortgage Payable 25 Notes Payable - Short Term 26 Office Equipment 27 Office Expense 28 Prepaid Insurance 29 Rent Expense 30 Retained Earnings - Opening 31 Revenue received in Advance 32 Sales 33 Supplies Expense 34 Supplies inventory 35 Tax Expense 36 Wages Expense 37 Total 38 Directions Data Income Statement Ready S 30,133.47 $ $ $636,848.25 S $ 23,233.78 $ 154,313.90S S 25,597.25$ $ 1,040.32 $ $ 140,647.80 $ $ $ 98,310.09 $ $ 74,556.15 s $ 2,492,429.50 S 6,629.86 $ S 2,600.80 $ $ 266,714.88 $ $ 232,412 11 S $ 3,920,698 3,920,698 Bance Sheet Type here to search ORI E S w R A S D Z u V 2 1 4 Parampal Corporation Balance Sheet Tor the year ended August 31, 2019 Assets Current Assets 7 3 5 10 11 12 19 14 long-term investments 15 15 17 Capital Assets 10 19 2012 75 22 Total Assets anche Type here to search o 2 DO Balance Sheet Directions Data Income Statement Corporation Samole arthrowned 31, 2019 RE Gee More operating seres Total Operating Income From Other: Earnings before Niet leone