1 Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, Metrix shows the following selected accounts and amounts for the month of March $2,500 1.500 600 8 01:20 Equipment Salaries expense Consulting revenge Cash Utilities expense Note payable Accounts receivable Common stock Dividende 2,000 $ 9.000 4,000 17,000 10,000 400 3.400 4,500 15,600 3.000 Office supplies Rental revenue Advertising expense Prepaid insurance Accounts payable Note receivable Rent expense Unearned revenue 3,000 500 Required: 1. Prepare a March income statement for the business. 2. Prepare a March statement of retained earnings. The Retained Earnings account balance at March I was so 3. Prepare a March 31 balance sheet. Hunt Use the Retained Earnings account balance calculated in part 2 a. Depreciation on the company's wind turbine equipment for the year is $5,900. b. The Prepaid Insurance account for the solar panels had a $2,900 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $1,050 of unexpired insurance coverage remains at year-end. c. The company received $5,700 cash in advance for sustainability consulting work. As of December 31, one-third of the sustainability consulting work had been performed d. As of December 31, $2,100 in wages expense for the organic produce workers has been incurred but not yet pald. e. As of December 31, the company has earned, but not yet recorded $490 of interest revenue from investments in socially responsible bonds. The interest revenue is expected to be received on January 12. For each of the above separate cases, prepare the required December 31 year-end adjusting entries