Sandy Bottom Consulting is a consulting firm owned and operated by Dee Schofield. The end-of-period spreadsheet (work sheet) shown below was prepared for the year ended August 31, 2008.

Based upon the preceding spreadsheet, prepare an income statement, statement of owner's equity, and balance sheet for Sandy BottomConsulting.

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Sandy Bottom Consulting End-of-Period Spreadsheet (Work Sheet) For the Year Ended August 31, 2008 Unadjusted Trial Balance Adjusted Trial Adjustments Dr Balance Income Statement Balance Sheet Account Title Cr Cr Dr Cr 1 Cash 2 Accounts Recevable 3 Supplies 4 Office Equipment 5Accumulated Depreciation 6 Accounts Payable 7Salaies Payable 8Dee Schofield, Capital 10,000 12,500 2200 14,500 10,000 12.500 (a) 1750450 b) 1200 (c) 800 4,500 14,500 500 100 37001-5 6,100 6 800 7 154001-8 6.100 800 2,700 Dee Schofield, Drawing 10 Fees Earned 11 Salary Expense 12 Supplies Expense 2,700 2,700 32,000 32,000 32,000 10 (c)-800 (a) 1750 b) 1200 1,750 1,200 850 1,750 1,200 1.850 13 Depreciation Expense 14 Miscelaneous Expense 1850 0000 0,000 3750 3,750 2000 62000 21850 32000 40,150 30,000 15 0,150 16 16 Net income 17 20003200040040150 17