prepare gprepare balance sheet and income statement

Prepare balance sheet and income statement based on the following information Account ID Account Description 1020 Cash in hand Debit Amt Credit Amt 1030 927.00 Bank Account 1200 1.039.68 Inventory 1400 57 863.75 Prepaid Expenses 1.098.00 1500 Property and Equipment 1510 4,957 50 Leasehold improvements 5,576.95 1520 Furnitures & fixtures 3,045.46 1900 Accum. Dep. - Prop&Eqt 743.67 1910 Accum. Dep. - Leasehold 418.23 1920 Accum. Dep. - Fur & fix 441.81 2000 Accounts Payable 5,672.00 2100 Gosi Payable 193 50 2110 EWA payable 12.82 3910 Retained Earnings 161.13 3920 Owner's Equity 54,051.87 4000 Sales Income 122,136.00 4200 Other Income 289.00 5000 Cost of Sales 96,137.85 5200 Other direct expenses 614.00 5300 Bank Charges 911.19 6000 Salaries Expenses 4,996.35 6300 Rent or Lease Expense 3,087.00 6350 Maintenance & Repairs Expense 125.00 6400 Utilities Expense 370.08 6450 Office Supplies Expense 123.46 6500 Telephone Expense 134.00 6700 Travel Expense 218.60 6900 Depreciation Expense 1,603.71 7050 Advertisment expenses 498.86 7100 Gosi expenses 469.33 Total: 183,958.90 183,958.90