Instructions to Answer : Please create 5 Columns and 40 rows using table option] From the adjusted trial balance of M/s. Elaine Consulting, prepare the following statements:

A) Income Statement for correct statement with proper heading & date]

B) Equity Statement for correct statement with proper heading & date]

C) Balance Sheet for correct statement with proper heading & date]

Adjusted Trial Balance of M/s. Elaine Consulting As on February 28th, 2015 Description

	Debit	credit
Cash	700900
Accounts receivable	16000
Office supplies	600
Land	150000
Building	540000
Office Equipment	60000
Notes payable		65000
Capital Stock		80000
Clients service revenue		30000
Advertising expenses	500
Salary expenses	1200
Total	1480000	1480000

there is no figures in the question