William Calvin owns and operates Sales Consulting, an unincorporated consulting firm. The following information is based on December 31, 2014 year end ending balances for the firm. (All amounts are in 000's). 
Instructions
a. Prepare the income statement for Sales Consulting.
b. Prepare the statement of owner's equity.
c. Prepare the balance sheet.
Definitions:
Unique Colours
Distinct colors that can be naturally occurring or created through various means, often attracting visual interest or serving specific functions in nature and design.
Soil Layer
A distinct layer of soil with characteristic physical properties and organic matter, part of the soil profile.
Iron
A chemical element with symbol Fe and atomic number 26, known for its hardness and magnetic properties, and widely used in construction and manufacturing.
Topsoil
The upper, outermost layer of soil, usually the top 2-8 inches, that has the highest concentration of organic matter and microorganisms.
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