prepare income statement and balacesheet for attached picture

The following balances have been taken from the adjusted trial balance of Irfan Traders prepared on December 31, 20 08 Cr Cash 42.750 Notes receivable 12,740 Accounts receivable 65,090 Supplies 5.300 Land 196,000 Building 126,000 Accumulated Depreciation : building 33.600 Office equipment 33.600 Accumulated Depreciation: office equipment 13.440 Notes payable 112,000 Accounts payable 22,680 Irfan Capital 230,300 Irfan Drawing 70,000 Consulting fees Earned 487.200 Advertising expense 31.500 Insurance expense 38,720 Utilities expense 15,040 Salaries expense 245,280 Supplies expense 9.640 Depreciation Expense 7.560 Total 899.220 899,220 Required: Prepare Income Statement and Balance Sheet. ber 2008