Richard Jones owns and operates Sales Consulting, an unincorporated consulting firm. The following information is based on December 31, 2016 year end ending balances for the firm. (All amounts are in 000's).

Accounts payable	$ 1,860
Accounts receivable	3,340
Cash	1,705
Drawings, P. Sharma	4,800
Fees earned	10,600
Insurance expense	900
Investments, P. Sharma	1,500
Prepaid insurance	80
Supplies	120
Telephone expense	480
P. Sharma, capital, beginning of year	3,755
Wages expense	6,890
Wages payable	600

Instructions

a) Prepare the Income statement for Sales Consulting.

b) Prepare the Statement of owner's equity.

c) Prepare the Balance sheet.