prepare linked balance sheet and income statement

	Dr	Cr
Cash	55,000
Accounts receivable	15,000
Prepaid Insurance	5,000
Fixed assets	28,000
Accumulated depreciation		3,000
Accounts payable		19,000
Long term notes payable		45,000
Capital stock		10,000
Retained earnings		16,000
Sales		100,000
Cost of goods sold	70,000
Selling costs	5,000
Depreciation	5,000
Other costs	10,000
Total	193,000	193,000