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Hercules Company ended its fiscal year on August 31, 2017. The companys adjusted trial balance as of the end of its fiscal year is as

Hercules Company ended its fiscal year on August 31, 2017. The companys adjusted trial balance as of the end of its fiscal year is as shown below. HERCULES COMPANY Adjusted Trial Balance August 31, 2017

Required:

(a) Prepare an income statement or the year ended August 31, 2017.

(b) Prepare an owners equity statement for the year ended August 31, 2017. Hercules did not make any capital investments during the year.

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