we have to prepare inckme statement and balance sheet

$ Parampal Corporation 2 Trial balance 3 For the year ended August 31, 2019 4. Account Name Debit Credit 5 Accounts Payable $ $ 95,015.75 6 Accounts Receivable $ 433,466.00 $ 7 Accumulated depreciation - Office Equipment $ $ 97,616.54 8 Advertising Expense $ 2,499.91 $ 9 Allowance for Doubtful Accounts $ 11,963.66 10 Bad Debts Expense $ 2,143.49 $ 11 Cash $ 174,311.96 $ 12 Common Shares $ $ 96,402.84 13 Cost of Goods Sold $1,295,639.63 $ 14 Depreciation Expense $ 11,240.86 $ 15 Dividends declared $ 2,236.68 $ 16 Income Tax Payable $ $ 292,676.24 17 Insurance Expense $ 2,641.98 $ 18 Interest Expense $ 5,159.33 $ 19 Interest Revenue $ $ 1,645.00 20 Inventory $ 100,043.95$ 21 Land $ 310,881.82 $ 22 Long term Investments $ 670,311.82 $ Directions Data Income Statement Balance Sheet Ready 4 23 Miscellaneous Expense 24 Mortgage Payable 25 Notes Payable - Short Term 26 Office Equipment 27 Office Expense 28 Prepaid Insurance 29 Rent Expense 30 Retained Earnings - Opening 31 Revenue received in Advance 32 Sales 33 Supplies Expense 34 Supplies Inventory 35 Tax Expense 36 Wages Expense 37 Total 38 Directions Data Income Statement Ready $ 30,133.47 $ $ $ 636,848.25 $ $ 23,233.78 $ 154,313.90 $ $ 25,597.25 $ $ 1,040.32 $ $ 140,647.80 $ $ $ 98,310.09 $ 74,556.15 $ $ 2,492,429.50 6,629.86 $ $ 2,600.80 $ $ 266,714.88 $ $ 282,442.11 $ $ 3,920,698 $ 3,920,698 $ $ 14 Balance Sheet C Corporation RelateSheet Furile candel A.2014 Assets Total Assets = 1.labilities Crew Lamibia Total Liabilities Owners' Equity Tocal Owners' Equity Total Liabilities and tenairy Corporation Statement of Comprehensive Income For the year ended August 31, 2019 Revenue Gross Margin Operating Expenses: Total Operating Expenses Income From Operations Other: Total Other Earnings before tax Net Income