Please create income statement and balance sheet from the trial balance below.

As of December 31st, 2018
Account	Debit	Credit
Cash	$2,000
Account Receivable	$700,000
Revenue		$700,000
Depreciation Expense	$6,000
Rent/Insurance	$25,000
Loan Payable		$39,500
Equity		$250,000
Utilities Expense	$4,500
Accumulated Depreciation		$6,000
Intangible Asset	$55,000
Wage Expense	$215,000
R&D Expense	$4,125
Account Payable		$16,125
Total	$1,011,625	$1,011,625