Media Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical order) for the month just ended March 31, 2023:

*The $122,000 balance includes $35,000 invested by the owner during March.

Required
Using the information provided, prepare an income statement and a statement of changes in equity for the month ended March 31, 2023, and a balance sheet at March 31, 2023.

Transcribed Image Text:

Account Accounts payable Accounts receivable Building Cash Revenue Sam Smith, capital* Sam Smith, withdrawals Land Machinery Notes payable Office supplies Office supplies expense Wages expense Totals Debit $ 3,000 80,000 17,000 18,000 84,000 50,000 3,000 7,000 Credit $ 46,000 126,000 122,000 114,000 146,000 $408,000 $408,000