Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end-of-period spreadsheet was prepared for the year ended March 31, 20Y9:

Based on the preceding spreadsheet, prepare an income statement, statement of stockholders’ equity, and balance sheet for Paoli Consulting. During the year ended March 31, 20Y9, $15,000 of additional common stock was issued.

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A B C D Paoli Consulting End-of-Period Spreadsheet For the Year Ended March 31, 20Y9 Unadjusted E F G 1 2 3 Adjusted Trial Balance 4 5 Trial Balance Adjustments 6 Account Title Dr. Cr. Dr. Cr. Dr. Cr. 7 162,500 304,500 8 Cash 9 Accounts Receivable 10 Supplies 11 Land 12 Building 13 Accumulated Depreciation 14 Accounts Payable 15 Salaries Payable 16 Common Stock 17 Retained Earnings 18 Dividends 19 Fees Earned 20 Salary Expense 21 Supplies Expense 22 Depreciation Expense 23 Miscellaneous Expense 162,500 304,500 37,200 1,400,000 850,000 32,200 5,000 1,400,000 850,000 12,800 72,000 36,500 18,500 100,000 1,860,000 59,200 36,500 18,500 100,000 1,860,000 30,000 1,675,000 931,500 30,000 1,675,000 18,500 32,200 12,800 950,000 32,200 12,800 15.000 63,500 3.762.000 3.762.000 15,000 3.730.700 3.730.700 24 63,500 25