Update Financial Statements from the End-of-Period Spreadsheet Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year ended July 31, 2015: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2015 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash Accounts Receivable 11,370 27,080 2,870 21,930 11,370 27,080 (a) 2,410 460 21.930 3,010 (b) 1.440 4,450 Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Lisa Gooch, Capital Lisa Gooch, Drawing 7,310 7,310 (c) 350 350 27,620 27,620 3,520 3,520 Fees Earned 50,770 50,770 For the Year Ended July 31, 2015 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. 11,370 27,080 11,370 27,080 (a) 2,410 460 2,870 21,930 21,930 Cash Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Lisa Gooch, Capital Lisa Gooch, Drawing 3,010 (b) 1,440 7,310 4.450 7,310 (c) 350 350 27,620 27,620 3,520 3,520 50,770 50,770 Fees Earned Salary Expense Supplies Expense 19,770 (c) 350 (a) 2,410 (b) 1,440 20,120 2,410 Depreciation Expense Miscellaneous Expense 2,170 1,440 2,170 90,500 88,710 88,710 4,200 4,200 90,500 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2015 Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Bamboo Consulting, Bamboo Consulting Statement of Owner's Equity For the Year Ended July 31, 2045 Bamboo Consulting Balance Sheet July 31, 2015 Assets Current assets: 1 Total current assets Property, plant, and equipment: Total property, plant, and equipment 0 Total assets Liabilities Current liabilities: Total liabilities Owner's Equity Total current assets Property, plant, and equipment: Total property, plant, and equipment I Total assets Liabilities Current liabilities: I Total liabilities Owner's Equity Total liabilities and owner's equity LO