From the Trial Balance (in Image) I need an Income Statement for the

year ending 31 December 2017 and also produce a Balance Sheet showing

Trial Balance for Globaltron Ltd as at 31 December 2017 Dr Cr Purchases 470,000 Sales 557,500 Fuel Expenses 6,200 Wages 33,500 Rent 4,500 Telephone Expenses 500 Miscellaneous Expenses 750 Travel Expenses 550 Building 200,000 Fixtures and Fittings 40,000 Accounts Receivables (Debtors) 10,100 Cash in the Bank 5,850 Cash on Hand 50 Capital 75,000 Drawings 27,000 Accruals 150,000 Accounts Payables (Creditors) 16,500 799,000 799,000 Closing Stock (Inventory) on 31 Dec 2017 was $42,000