Lincoln Corporation Limited started it operationsin the year of 2018 performing adjusting every month and but closes its accounts on yearly basis. Following are the Adjusted Trial Balance as below:

Lin Colin Corporation Limited Adjusted Trial Balance December 31, 2019

Debit Credit

Cash $624,500 Account Receivable $100,233 Office Equipment $473,756 Accumulated Depreciation $8,657 Merchandise Inventory $277,340 Accounts Payable $287,693 Common Stock $564,500 Sales $885,244 Interest Revenue $216,745 Rent Revenue $101,600 Salaries Expense $29,878 Office Supplies Expense $5,942 Sales Discount $112,431 Interest Expense $9,560 Sales Return and Allowance $162,312 Cost of Goods Sold $208,016 Rent Expense $19,191 Depreciation Expense: office Equipment $8,657 Insurance Expense $10,234 Advertising Expense $22,389 Total $2,064,439 $2,064,439

Required: Prepare the financial Statements (Income Statement, Statement of Owners Equity and Balance Sheet) for Lin Colin Corporation Limited for the year ended 2018.