Fill out the sheets provided below Income Statement Event Consulting Revenue Consulting Expenses Other Operating Expense Salary Expense Interest Expense Rent Expense Depreciation Expense Net Income 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Net Income Total 0 0 0 0 0 0 0 0 Income Statements 2016 Revenues Consulting Revenue Expenses Consulting Expenses Other Operating Expense Salary Expense Interest Expense Rent Expense Depreciation Expense Total Expenses Net Income $ Statement of Changes in Stockholders Equity 2016 Beginning Common Stock Issued Common Stock Ending Common Stock Beginning Retained Earnings Plus Net Income Less Dividends Ending Retained Earnings Total Stockholders Equity $ Balance Sheet (Fill in amounts) 2016 Assets Cash Accounts Receivable Prepaid Rent Land Building Accum Depreciation Total Assets Liabilities Accounts Payable Salaires Payable Unearned Revenue Accrued Interest Payable Bank Note Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities Stockholder's Equity $ Statements of Cash Flows 2016 Cash Flows from Operating Activities Cash Received from Customers Cash Paid for Expenses Net Cash Flow from Operating Activities Cash Flows from Investing Activities Cash Paid for Building Cash Paid for Land Net Cash Flows from Investing Activities Cash Flows from Financing Activities Cash from Sale of Stock Cash from Bank Note Cash paid for dividends Net Cash Flows from Financing Activities Net Change in Cash Plus Beginning Cash Balance Ending Cash Balance $ Transactions 1 Acquired cash of $154,300 from the issue of common stock 2 Borrowed $148,000 cash from the bank on July 1, 2016 3 Paid $160,000 cash to purchase fixed assets land that cost $40,000 and a building that cost $120,000 4 Earned and recognized consulting revenue on account for $227,000 5 Collected $197,325 on the accounts receivable during the year 6 Incurred $100,000 of consulting expenses on account during the year 7 Paid $95,000 on the accounts payable during the year 8 Paid $72,450 cash for other operating expenses during the year 9 Paid the company owners $4,775 of dividends 10 Received $15,570 cash for services to be performed in the future

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Fill out the sheets provided below. Income Statement Event Consulting Revenue Consulting Expenses Other Operating Expense Salary Expense Interest Expense Rent Expense Depreciation Expense Net

Fill out the sheets provided below.

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	Income Statement
Event	Consulting Revenue	Consulting Expenses	Other Operating Expense	Salary Expense	Interest Expense	Rent Expense	Depreciation Expense	Net Income
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Net Income
Total	0	0	0	0	0	0	0	0

Income Statements
		2016
Revenues:
Consulting Revenue
Expenses:
Consulting Expenses
Other Operating Expense
Salary Expense
Interest Expense
Rent Expense
Depreciation Expense

Total Expenses		-
Net Income		$-



Statement of Changes in Stockholders Equity
		2016

Beginning Common Stock
Issued Common Stock
Ending Common Stock		-

Beginning Retained Earnings
Plus: Net Income
Less: Dividends
Ending Retained Earnings		-

Total Stockholders Equity		$-

Balance Sheet (Fill-in amounts)
		2016
Assets
Cash
Accounts Receivable
Prepaid Rent
Land
Building
Accum. Depreciation
Total Assets		-

Liabilities
Accounts Payable
Salaires Payable
Unearned Revenue
Accrued Interest Payable
Bank Note Payable
Total Liabilities		-

Stockholder's Equity
Common Stock
Retained Earnings
Total Stockholder's Equity		-
Total Liabilities & Stockholder's Equity		$-



Statements of Cash Flows
		2016
Cash Flows from Operating Activities
Cash Received from Customers
Cash Paid for Expenses
Net Cash Flow from Operating Activities		-

Cash Flows from Investing Activities
Cash Paid for Building
Cash Paid for Land
Net Cash Flows from Investing Activities		-

Cash Flows from Financing Activities
Cash from Sale of Stock
Cash from Bank Note
Cash paid for dividends
Net Cash Flows from Financing Activities		-

Net Change in Cash		-
Plus: Beginning Cash Balance
Ending Cash Balance		$-

Transactions: 1. Acquired cash of $154,300 from the issue of common stock. 2. Borrowed $148,000 cash from the bank on July 1, 2016. 3. Paid $160,000 cash to purchase fixed assets land that cost $40,000 and a building that cost $120,000. 4. Earned and recognized consulting revenue on account for $227,000 5. Collected $197,325 on the accounts receivable during the year 6. Incurred $100,000 of consulting expenses on account during the year. 7. Paid $95,000 on the accounts payable during the year. 8. Paid $72,450 cash for other operating expenses during the year. 9. Paid the company owners $4,775 of dividends 10. Received $15,570 cash for services to be performed in the future