Doesn't sound impossible to me, depending. I've towed a 2,000 pound m/l standup TT a lot of miles with a 4-cyl.
In your case, it doesn't really matter what the trailer sticker says- without knowing the weight with the boat it's hard to answer the question. Can you look up the brand/model of the boat and get weight info? Sounds pretty small, though and since we do know that total weight cap of trailer is 3,000 pounds:
Unless as noted the tow vehicle's carrying a lot of payload too, I frankly wouldn't hesitate to tow a BOAT with this combination- not the same struggle at all as a stand up trailer. Wind resistance in the latter case might kill the deal- not such a problem with the boat.
One caveat:
The trailer must have its own brakes in this scenario; don't expect your tug to safely stop it. This not to mention that this requirement is likely also in your Toyota owner's manual for towing any trailer over about a thousand pounds.