Comprehensive Problem 1 Part 8: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. NOTE: You must complete parts 1, 2, 3, 4, 6 and 7 before completing part 8. Part 5 is optional. Prepare an income statement. Kelly Consulting Income Statement For the Month Ended May 31, 20Y8 Fees earned 40,000 Expenses: Salary expense w 1,705 Rent expense 1,600 Supplies expense 1,370 Depreciation expense 333 x Insurance expense 275 Miscellaneous expense 1,295 Total expenses 33,425 Net income 10,500 Prepare a statement of stockholders' equity. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Kelly Consulting Statement of Stockholders' Equity For the Month Ended May 31, 2018 Common Stock Retained Earnings Total repare a balance sheet. Assets urrent assets: Kelly Consulting Balance Sheet May 31, 20Y8 Liabilities Current liabilities: otal current assets roperty, plant, and equipment: Total liabilities Stockholders' Equity otal property, plant, and equipment otal assets Total stockholders' equity Total liabilities and stockholders' equity