Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepar August 31, 20Y9: Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 2049 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 57,000 57,000 Accounts Receivable 106,600 106,600 Supplies 11,800 6,500 5,300 Land 775,000 775,000 Office Equipment 517,000 517,000 Accumulated Depreciation 30,500 5,400 35,900 Accounts Pavabla 20.500 20.50 Instructions Accumulated Depreciation 30,500 5,400 35,900 Accounts Payable 20,500 20,500 Salaries Payable 2,800 2,800 Common Stock 100,000 100,000 Retained Earnings 1,184,000 1,184,000 Dividends 20,000 20,000 Fees Earned 351,500 351,500 Salary Expense 188,000 2,800 190,800 Supplies Expense 6,500 6,500 Depreciation Expense 5,400 5,400 11,100 11,100 Miscellaneous Expense Total 1,686,500 1,686,500 14,700 14,700 1,694,700 1,694,700 Based on the preceding spreadsheet, prepare an income statement, statement of stockholders' equity, and balance ar 16 of additional common stock was issued Re sure to read the instruc TIG Labels Current assets Current liabilities Expenses For the Year Ended August 31, 2049 August 31, 2019 Property, plant, and equipment Revenues Amount Descriptions Book value-office equipment Balances, September 1, 20Y8 Balances, August 31, 2049 Dividends Issued common stock Net income Net loss Labels and Amount Descriptions Revenues Amount Descriptions Book value-office equipment Balances, September 1, 20Y8 Balances, August 31, 2049 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total revenues Total stockholders' equity Income Statement Income Statement For the Year Ended August 31, 2049 1 Fees earned 2 Expenses: I 4 3 Salary expense Supplies expense Depreciation expense Miscellaneous expense 5 6 7 Total expenses 8 Net income Ch 4 Exercises eBook Show Me How Financial statements from the end-of-period spreadsheet Instructions Chart of Accounts Labels and Amount Descriptions MI Statement of Stockholders' Equity Statement of Stockholders' Equity For the Year Ended August 31, 2019 1 Common Stock Retained Earnings Total 2 5 I 4 5 d - Ch 4 Exercises eBook Show Me How Balance Sheet Demo Consulting Balance Sheet (tabel) 1 Assets 2 (Label) 3 I 4 5 5 7 (Label) 8 10 11 12 mamaininn 3rd - Ch 4 Exercises eBook Show Me How Balance Sheet 10 11 12 13 14 Liabilities 15 Label 16 17 18 > 19 Stockholders' Equity 20 21 22 23