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1-6A. Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Delivery Service which provides delivery of bulk mailings to the post

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1-6A. Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Delivery Service which provides delivery of bulk mailings to the post office, neighborhood delivery of weekly newspa- pers, data delivery to computer service centers, and various other delivery services using leased vans. On February 28, Dart invested $20,000 of her own funds in the firm and borrowed $8,000 from her father on a six-month, non-interest-bearing note payable. The following information is available at March 31: 1,100 Suppliesi 2,500 Notes payable ...._.. . $23,300 12,700 ..8,000 . . 900 Salaries expense . . .6,200 . . . . 300 Common stock. Retained earnings Miscellaneous expense Required a. Prepare an income statement for the month of March. b. Prepare a balance sheet as of March 31, 2016

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