3-a. Prepare an income statement. Littlechild Enterprises Income Statement For Month Ended March 31, 2020 Revenues: Service revenue Operating expenses: Wages expense Advertising expense Total operating expenses Loss $ 9,800 4,900 3-b. Prepare a statement of changes in equity. Littlechild Enterprises Statement of Changes in Equity $ 12,000 14,700 $ (2,700) For Month Ended March 31, 2020 George Littlechild, capital, March 1 $ 0 Add: Investments by owner 2,640,000 Total $ 2,640,000 Loss Less: Withdrawals by owner George Littlechild, capital, March 31 S 5,000 2,700 7,700