Taser Consulting is a consulting firm owned and operated by Annamarie Phipps. The following end-of-period spreadsheet was prepared for the year ended October 31, 2018:

	Taser Consulting
	End-of-Period Spreadsheet
	For the Year Ended October 31, 2018
	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	45,000				45,000
Accounts Receivable	119,200				119,200
Supplies	11,900			7,500	4,400
Office Equipment	400,000				400,000
Accumulated Depreciation		56,000		6,000		62,000
Accounts Payable		20,500				20,500
Salaries Payable				9,000		9,000
Common Stock		75,000				75,000
Retained Earnings		180,700				180,700
Dividends	25,000				25,000
Fees Earned		800,000				800,000
Salary Expense	520,000		9,000		529,000
Supplies Expense			7,500		7,500
Depreciation Expense			6,000		6,000
Miscellaneous Expense	11,100				11,100
	1,132,200	1,132,200	22,500	22,500	1,147,200	1,147,200

Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Taser Consulting. Be sure to read the instructions for each financial statement carefully.

Prepare an income statement for the year ended October 31, 2018 for Taser Consulting. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) on the income statement.

Taser Consulting

Income Statement

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