XYZ LIMITED TRIAL BALANCE FOR THE YEAR ENDED JUNE 30, 20XX Account Debit ($) Credit ($) Cash 10,000 Accounts Receivable 5,000 Inventory 7,500 Equipment 15,000 Accounts Payable 8,000 Capital 20,000 Sales 25,000 Cost of Goods Sold 13,000 Rent Expense 1500 Utilities 1000 53,000 53,000 Required: Prepare balance sheet and income statement using the above data.