Financial Statements from the End-of-Period Spreadsheet 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, 20Y5: End-of-Period Spreadsheet For the Year Ended July 31, 20Y5 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 58,000 58,000 Accounts Receivable 106,200 106,200 Supplies 11,900 (a) 7,500 4,400 Office Equipment 515,000 515,000 Accumulated Depreciation 28,000 (b) 5,600 33,600 Accounts Payable 20,500 20,500 Salaries Payable (c) 2,500 2,500 Lisa Gooch, Capital 516,700 516,700 Lisa Gooch, Drawing 25,000 25,000 Fees Earned 348,500 348,500 Salary Expense 186,500 (c) 2,500 189,000 Supplies Expense (a) 7,500 7,500 Depreciation Expense (b) 5,600 5,600 Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 58,000 58,000 Accounts Receivable 106,200 106,200 Supplies 11,900 (a) 7,500 4,400 Office Equipment 515,000 515,000 Accumulated Depreciation 28,000 (b) 5,600 33,600 Accounts Payable 20,500 20,500 Salaries Payable (c) 2,500 2,500 Lisa Gooch, Capital 516,700 516,700 Lisa Gooch, Drawing 25,000 25,000 Fees Earned 348,500 348,500 Salary Expense 186,500 (c) 2,500 189,000 Supplies Expense (a) 7,500 7,500 Depreciation Expense (b) 5,600 5,600 Miscellaneous Expense 11,100 11,100 913,700 913,700 15,600 15,600 921,800 921,800 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 20Y5 Fees earned 348,500 Expenses: Salary expense 189,000 Supplies expense 7,500 Depreciation expense 5,600 Miscellaneous expense 11,100 Total expenses 213,200 Net income 135,300 Based on the preceding spreadsheet, prepare a statement of owner's equity for Bamboo Consulting. Bamboo Consulting Statement of Owner's Equity For the Year Ended July 31, 2015 Lisa Gooch, capital, August 1, 20Y4 X 516,700 Current assets: Bamboo Consulting Balance Sheet July 31, 20Y5 Assets Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Current liabilities: Total liabilities Liabilities Owner's Equity Q A A LA