- The document provides financial information for AQUA Inc. as of 12/31/10 including assets, liabilities, equity, revenues, and expenses. - It asks to prepare an income statement and balance sheet for AQUA using the information given. - The solution provides an income statement showing revenues of $170,000 and expenses of $64,000 resulting in net income of $97,000 for the period. It also provides a balance sheet with total assets of $403,000 equal to total equity and liabilities.