Create an Income Statement and Balance Sheet from the financial data provided.

Your Company Trial Balance 12/31/2014 Balance DbCr Account Name Accounts Payable 3,000 Accounts Receivable 5,000 Accrued Expenses Accumulated Depr. Equipment 15,000 5,000 Building 100,000 Capital Stock 250,000 Cash 50,000 Cost of Goods Sold 10,000 50,000 1,000 Equipment Income Tax Payable Land Long Term Debt Long Term Investments 50,000 75,000 Marketing Expenses Merchandise Inventory PrePaid Expenses 100,000 8,000 2,500 3,000 1,500 2,000 Rent Expenses Research & Development Expense Retained Earnings 18,500 5,000 Salary Expenses Sales 25,000 Sales Expenses 5,000 Travel Expenses 500 392,500 $ 392,500