Riverside, Inc. presents the following trial balance at the end of its first year of business. Debit Credit $14 $225 16 18 15 208 Accounts Cash Sales revenues Operating expenses Inventory Accounts payable Common stock Property, Plant and Equipment Accumulated Depreciation Notes payable Cost of Goods sold Depreciation Expense Taxes Accrued Taxes 500 50 250 175 25 4 4 Required: Use the account balances in the above trial balance to present (1) an income statement and (2) the balance sheet for Riverside Inc. (Note: you must add retained earnings to shareholders' equity on the balance sheet to make the balance sheet balance.)