4. 
   

   Account Title	Debit ($) (Mar)	Credit ($) (Mar)	Debit ($) (Apr)	Credit ($) (Apr)
   Cash	70,000		75,000
   Accounts Receivable	90,000		95,000
   Inventory	100,000		105,000
   Prepaid Expenses	15,000		18,000
   Equipment	220,000		230,000
   Accumulated Depreciation		40,000		45,000
   Accounts Payable		70,000		75,000
   Notes Payable		45,000		40,000
   Common Stock		170,000		180,000
   Retained Earnings		120,000		130,000
   Sales Revenue		340,000		360,000
   Cost of Goods Sold	130,000		135,000
   Rent Expense	25,000		28,000
   Utilities Expense	7,000		8,000
   Salary Expense	50,000		55,000
   -------------------------	----------------------	----------------------	----------------------	----------------------
   Total	610,000	610,000	640,000	640,000

   Requirements:

   • Prepare a comparative income statement for March and April.
   • Create a comparative balance sheet as of the end of March and April.
   • Calculate the change in retained earnings between March and April.
   • Analyze the financial performance and changes in financial position over the two months.