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: Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 20Y6 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 14,470 14,470 Accounts Receivable 34,460 34,460 Supplies 3,650 (a) 3,070 580 Office Equipment 28,260 28,260 Accumulated Depreciation 3,830 (b) 1,830 5,660 Accounts Payable 9,300 9,300 Salaries Payable (c) 450 450 Jayson Neese, Capital 35,150 35,150 Jayson Neese, Drawing 4,480 4,480 Fees Earned 65,990 65,990 Salary Expense 26,190 Supplies Expense Depreciation Expense (c) 450 (a) 3,070) (b) 1,830 26,640 3,070 1,830 Miscellaneous Expense 2,760 2,760 114,270 114,270 5,350 5,350 116,550 116,550 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Elliptical Consulting Income Statement For the Year Ended June 30, 20Y6 Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting. Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting. Elliptical Consulting Statement of Owner's Equity For the Year Ended June 30, 2016 Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting. Elliptical Consulting Balance Sheet June 30, 20Y6 Current assets: Assets Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Owner's Equity Total liabilities and owner's equity