Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year ended July 31, 2019:

	Bamboo Consulting
	End-of-Period Spreadsheet
	For the Year Ended July 31, 2019
	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	57,100				57,100
Accounts Receivable	108,200				108,200
Supplies	12,200			(a) 6,300	5,900
Office Equipment	518,000				518,000
Accumulated Depreciation		28,500		(b) 6,900		35,400
Accounts Payable		21,100				21,100
Salaries Payable				(c) 2,300		2,300
Lisa Gooch, Capital		521,800				521,800
Lisa Gooch, Drawing	25,000				25,000
Fees Earned		347,400				347,400
Salary Expense	186,600		(c) 2,300		188,900
Supplies Expense			(a) 6,300		6,300
Depreciation Expense			(b) 6,900		6,900
Miscellaneous Expense	11,700				11,700
	918,800	918,800	15,500	15,500	928,000	928,000

Based on the preceding spreadsheet, prepare an income statement, statement of owners equity, and balance sheet for Bamboo Consulting. Be sure to read the instructions for each financial statement carefully.

CHART OF ACCOUNTSBamboo ConsultingGeneral Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Office Equipment
15	Accumulated Depreciation

	LIABILITIES
21	Accounts Payable
22	Salaries Payable

	EQUITY
31	Lisa Gooch, Capital
32	Lisa Gooch, Drawing
33	Income Summary

	REVENUE
41	Fees Earned

	EXPENSES
51	Salary Expense
52	Supplies Expense
53	Depreciation Expense
54	Miscellaneous Expense

Labels
Current assets
Current liabilities
Expenses
For the Year Ended July 31, 2019
July 31, 2019
Property, plant, and equipment
Revenues
Amount Descriptions
Decrease in owners equity
Increase in owners equity
Lisa Gooch, Capital
Lisa Gooch, Capital, August 1, 2018
Lisa Gooch, Capital, July 31, 2019
Net income
Net loss
Total assets
Total current assets
Total expenses
Total liabilities
Total liabilities and owners equity
Total property, plant, and equipment
Total revenues
Withdrawals

Prepare an income statement for the year ended July 31, 2019 for Bamboo Consulting. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) on the income statement.

Prepare a statement of owners equity for the year ended July 31, 2019 for Bamboo Consulting. No additional investments were made during the year. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items.

Prepare a balance sheet as of July 31, 2019 for Bamboo Consulting. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.