Financial Statements from the End-of-Period Holism Consulting is a consulting firm owned and operated by Scott Cutler. The end-of-period spreadsheet shown below was prepared for the year ended May 31, 2014.

iii) Provide an accurate, full and complete explanation and implication of the information presented in (mathematical forms) by explaining the significance of each statement. (for instance income statements show the revenues and expenses made by a company).

iv) Engage in a comprehensive process that uses the quantitative analysis of data as the basis for making judgments, drawing accurate conclusions from this work by providing an opinion of how well the company is doing financially.(for instance is company making profit or loss).

Please answer Question iii) to iv) associated with calculations

G B c DE F Holism Consulting End-of-Period Spreadsheet For the Year Ended May 31, 2014 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Dr. Cr. Dr. Cr. Dr. Cr. A 1 2 3 4 5 6 Account Title 7 8 Cash 9 Accounts Receivable 10 Supplies 11 Office Equipment 12 Accumulated Depreciation 13 Accounts Payable 14 Salaries Payable 15 Scott Cutler, Capital 16 Scott Cutler, Drawing 17 Fees Earned 18 Salary Expense 19 Supplies Expense 20 Depreciation Expense 21 Miscellaneous Expense 22 23 38,000 38,000 90,000 90,000 9,600 (a) 6,000 3,600 74,000 74,000 10,000 (b) 4,800 14,800 24,400 24,400 (c) 1,500 1,500 90,400 90,400 12,000 12,000 175,200 175,200 69,000 C) 1,500 70,500 (a) 6,000 6,000 (b) 4,800 4,800 7,400 7,400 300,000 300,000 12,300 12,300 306,300 306,300