Create a Income Statement and Balance Sheet from the Trial Balance on the attached sheet:

Accounts payable Accounts receivable 250,800 798,000 Accumulated depreciation Advertising expense 427,500 61,560 Allowance for doubtful accounts Bad debt expense 60,363 39,900 Capital gains 12,540 Capital stock (common) Cash Charitable contributions Compensation expense Cost of goods sold 1,026,000 386,688 30,780 1,482,000 950,760 Depreciation expense 22,800 Dividends (paid) 91,200 Dividends (received) 13,680 Equipment 855,000 Federal income tax expense 285,912 Gain from disposition of fixed assets Interest expense 4,617 70,680 Interest income Inventory 17,100 1,938,000 Investments in state & local bonds 159,600 Investments in stock 313,500 Investment in U.S. government bonds Land 79,800 3,135,000 Maintenance expense 28,500 Meals & entertainment 5,985 Miscellaneous expense 46,740 Mortgage payable Other assets 1,752,294 307,800 Other current liabilities 136,800 Other liabilities 196,080 Other taxes 63,840 Pension plans expense 47,880 Professional services expense 36,480 Property tax expense 51,300 Retained earnings (1/1/2016) 3,613,800 Sales 3,899,199 Sales returns & allowance 43,320 State income tax expense 68,400 Supplies expense 9,348 $11,410,773 $11,410,773