Based on the spreadsheet, prepare an income statement, statement of owner's equity and balance sheet for Elliptical Consulting. Be sure to read the instructions for each financial statement carefully.

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30,2019 : Required: Chart of Accounts CHART OF ACCOUNTS Elliptical Consulting General Ledger 12 Accounts Receivable 13 Supplies EXPENSES 14 Office Equipment 51 Salary Expense 15 Accumulated Depreciation 52 Supplies Expense 53 Depreciation Expense LIABILITIES 54 Miscellaneous Expense 21 Accounts Payable 22 Salaries Payable EQUITY 31 Jayson Neese, Capital 32 Jayson Neese, Drawing 33 Income Summary Labels and Amount Descriptions Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Jayson Neese, capital, July 1, 2018 Jayson Neese, capital, June 30, 2019 Net income Net loss Total revenues Total assets Total current assets Total expenses Total liabilities Total liabilities and owner's equity Total property, plant, and equipment Withdrawals Prepare an income statement for the year ended June 30, 2019 for Elliptical Consulting. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) on the income statement. Prepare a statement of owner's equity for the year ended June 30, 2019 for Elliptical Consulting. No additional investments were made during the year. If a net loss has been incurred or there has been a decrease in owner's equity, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items. Prepare a balance sheet as of June 30, 2019 for Elliptical Consulting. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary