$($Note This assignment is meant to be completed in two parts The spreadsheet download link is found in Part $1,$ and the completed spreadsheet is necessary to complete Part $2)$

Kelly Pitney began her consulting business, Kelly Consulting, on April $1,20$Y$5.$ The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. During May, Kelly Consulting entered into transactions. In Part $1$ of this problem, the accounting cycle was completed up through the preparation of the adjusted trial balance.

Required:

$8.$ Having completed the end$-$of$-$penod work sheet in Part $1,$ use the adjusted thal balance figures to prepare an income statement, a statement of owner's equity, and a balance sheet. If you didn' complete the end$-$of$-$penod work sheet in Part $1,$ use the ledger $($the Excel spreadsheet$)$ to prepare an income statement, a statement of owner's equity, and a balance sheet. Be sure to read the instructions above each statement carefully.

$9.$