Below find the trial balance for Nybrostrand Company.Prepare an income statement

Below find the trial balance for Nybrostrand Company.Prepare an income statement and balance sheetin good format. After you have completed the two statements comment on the success of the company. Support your answer with information from the financial statements you just prepared.Nybrostrand Company31-Dec-11Trial Balance (accounts in alphabetical order)Debit CreditAccounts payable $ 67000Accounts receivable $ 24500Cash 16700Common stock 10000Depreciation expense 24350Cost of goods sold 254000Equipment (net of depreciation) 425000Insurance 1400Inventory 25000Long-term debt 145000Marketing 4500Paid-in capital 90000Property taxes8900Rent 18000Retained earnings ?Revenues 456000Salaries67500Utilities 6700Total 876550 768000