Alpine Consulting is a consulting firm owned and operated by Scott Young. The end-of- period spreadsheet (work sheet) shown below was prepared for the year ended March 31, 2010.

Based on the preceding spreadsheet, prepare an income statement, statement of owner's equity, and balance sheet for Alpine Consulting.

Alpine Consulting End-of-Period Spreadsheet (Work Sheet) For the Year Ended March 31, 2010 Adjusted Trial Balance Unadjusted Trial Balance Dr. Adjustments Cr. Balance Sheet Income Statement Account Title Cr. Dr. Dr. Cr. Dr. C. Dr. Cr. 9,500 22,500 2,400 18,500 9,500 22,500 9,500 22,500 Cash Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Scott Young, Capital Scott Young, Drawing (a) 1,850 550 550 18,500 18,500 2,500 6,100 (b) 1,200 3,700 6,100 200 22,600 3,700 6,100 200 22,600 (c) 200 22,600 3,000 3,000 3,000 43,800 43,800 Fees Earned 43,800 (c) 200 (a) 1,850 (b) 1,200 Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 17,250 17,450 1,850 1,200 1,850 76.400 17,450 1,850 1,200 1,850 22,350 21,450 1.850 75.000 75.000 3.250 76.400 43,800 54,050 3,250 32,600 21,450 54.050 Net income 43,800 54.050 43.800