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Financial Statements from the End-of-Period Spreadsheet Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31, 2049: Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 2049 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 9,750 9,750 Accounts Receivable 23,220 23,220 Supplies 2,460 2,070 390 Land 19,970 19,970 Office Equipment 18,810 18,810 Accumulated Depreciation 2,580 1,230 3,810 Accounts Payable 6,270 6,270 Salaries Payable 300 300 Common Stock 7,800 7,800 Retained Earnings 15,880 15,880 Dividends 3,020 3,020 Dividends 3,020 3,020 Fees Earned 63,980 63,980 Salary Expense 17,420 300 17,720 Supplies Expense 2,070 2,070 Depreciation Expense 1,230 1,230 Miscellaneous Expense 1,860 1,860 96,510 96,510 3,600 3,600 98,040 98,040 Based on the preceding spreadsheet, prepare an income statement for Demo Consulting. Demo Consulting Income Statement For the Year Ended August 31, 2049 Expenses: Total expenses Based on the preceding spreadsheet, prepare an income statement for Demo Consulting. Demo Consulting Income Statement For the Year Ended August 31, 2019 Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 2019, $3,100 of additional common stock was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Demo Consulting Statement of Stockholders' Equity For the Year Ended August 31, 2019 Common Stock Retained Earnings Total Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting. Demo Consulting Balance Sheet August 31, 2019 Assets Current assets: Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting. Demo Consulting Balance Sheet August 31, 2049 Assets Current assets: $ Total current assets O Property, plant, and equipment: $ Total property, plant, and equipment Total assets $ Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity