Elliptical Consulting is a consulting firm owned and operated by Jayson Neuse. The following end-of-period spreadsheet was prepared for the year ended June 30, 2048: Eliptical Consulting End-of-Perlod Spreadsheet For the Year Ended June 30, 20Y6 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 27.500 27,800 Accounts Receivable 56,400 55,400 Supplies 3,200 (a) 2,300 900 Office Equipment 34,000 34,000 Accumulated Depreciation 5,000 b) 1,000 6,000 Accounts Payable 3.700 3,700 Salaries Payable (c) 330 330 Jayson Neese, Capital 101,100 101,100 Jayson Neose, Drawing 2,000 2,000 Fees Earned 58.000 58,000 Salary Expense 34,100 (c) 330 34,430 Supplies Expense (a) 2,300 2.300 Depreciation Expense (b) 1,000 1,000 Miscellaneous Expense 11.300 11,300 167,800 167,800 3,630 3,630 169,130 169,130 Required: Based on the preceding spreadsheet prepare an income statement, statement of owner's equity, and balance sheet for Eptical Consuting. Be sure to read the instructions for each financial statement carefully Statement of Owner's Equity Prepare a statement of owner's equity for the year ended June 30, 20Y0 for Elliptical Consulting. No additional Investments were made during the year. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of text entries. I'a net loss is incurred or there is a decrease in owner's equity, enter that amount as a negative number using a minus sign. Score: 41/50 Eliptical Consulting Statement of Owner's Equity For the Year Ended June 30, 20Y6 1 Jayson Neese, capital, July 1, 2015 $101,100.00 2 Net income $8.970.00 : Withdrawals (2,000.00) 2 101,100.00 $108,070.00 Jayson Neese, capital, June 30, 2046 Paints: 9.02/11