The following accounts are taken from Equilibrium Riding, Inc., a company that specializes in occupational therapy and horseback riding lessons, as of December 31. EQUILIBRIUM RIDING, INC. Unadjusted Trial Balance At December 31 Account Name Debits Credits Cash $59,750 Accounts Receivable 3,300 Prepaid Insurance 4,700 Equipment 64,600 Land 23,000 Accounts Payable $29,230 Deferred Revenue 1,500 Notes Payable (long-term) 74,000 Common Stock 5,000 Retained Earnings 14,500 Dividends 0 Service Revenue 35,700 Salaries and Wages 3,900 Expense Repairs and Maintenance 410 Expense Office Expenses 270 Totals $159,930 $159,930 Required: Create Income statement & Balance sheet Using the unadjusted trial balance provided, create a classified Balance Sheet and Income Statement for Equilibrium Riding, Inc., for the year ended December 31.