Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 27,000 27,000 Accounts Receivable 53,500 53,500 Supplies 3,000 (a) 2,100 900 Office Equipment 30,500 30,500 Accumulated Depreciation 4,500 (b) 1,500 6,000 Accounts Payable 3,300 3,300 Salaries Payable (c) 375 375 Jayson Neese, Capital 82,200 82,200 Jayson Neese, Drawing 2,000 2,000 Fees Earned 60,000 60,000 Salary Expense 32,000 (c) 375 32,375 Supplies Expense (a) 2,100 2,100 Depreciation Expense (b) 1,500 1,500 Miscellaneous Expense 2,000 2,000 150,000 150,000 3,975 3,975 151,875 151,875 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Elliptical Consulting Income Statement For the Year Ended June 30, 2019 Fees earned $ Expenses: Salary expense $ Supplies expense Depreciation expense Miscellaneous expense Total expenses Net income $ Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting. Elliptical Consulting Statement of Owner's Equity For the Year Ended June 30, 2019 Cash $ Accounts receivable $ Office equipment Decrease in owner's equity Net income $ Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting. Elliptical Consulting Balance Sheet June 30, 2019 Assets Current assets: Cash $ Accounts receivable Supplies Total current assets $ Property, plant, and equipment: Office equipment $ Less accumulated depreciation Total property, plant, and equipment Total assets $ Liabilities Current liabilities: Accounts payable $ Salaries payable Total liabilities $ Owner's Equity Jayson Neese, Capital Total liabilities and owner's equity $