Hogan's Consulting showed the following trial balances for its first year just ended December 31, 2014:

Required
Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.
Analysis Component: If Hogan's Consulting continues to experience losses, what alternatives are available to prevent assets from decreasing?

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Account Title Debit Credit Cash. Accounts receivable Prepaid rent … Machinery Accounts payable 5,200 3,000 57,100 s 17,300 47,000 50,000 Lisa Hogan, capital Lisa Hogan, withdrawals Consulting fees earned Wages expense Rent expense.... Totalsa 2,000 18,000 29,000 8,000 132,300 $132,300