The trial balance for Terry's Auto Shop as of January $1,$ Year $2,$ follows:

$\backslash$table$[[$Account Titles,Debit,Credit$],[$Cash$,$$$16,000,],[$Inventory$,8,000,],[$Common Stock,,$$20,000$

Please help with steps

$-$ prepare an income statement

$-$ prepare a balance sheet

$-$ prepare a statement of cash flows