Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, 2016

Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Elliptical Consulting.

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Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2016 Unadjusted Trial Balance Dr Adjusted Dr 27,000 Adjustments Trial Balance 6 Account Title 8 Cash 9 Accounts Receivable 10 Supplies 11 Office Equipment 27,000 53,500 3,000 30,500 53,500 (a) 2,100 900 (b) 1,500 (c) 375 30,500 Accumulated Depreciation 13 Accounts Payable 14 Salaries Payable 15 Common Stock 16 Retained Earnings 17 Dividends 18 Fees Eamed 19 Salary Expense 6,000 3,300 375 30,000 52,200 4,500 3,300 30,000 52,200 2,000 2,000 60,000 60,000 (c) 375 (a) 2,100 (b) 1,500 32,375 2,100 1,500 32,000 20 Supplies Expense 21 Depreciation Expense 22 Miscellaneous Expense 23 150,000 150,0003,975 3,975 151,875 151,875