Ali Omar opened a yard care business, Omar's Yard Care, on March 1, 2020. The following activities occurred during his first month of operations: a. Ali Omar invested $5,400 cash and $20,500 of equipment to start his business, Omar's Yard Care. b. Purchased various supplies on account; $2,700. c. Bought supplies on credit; $1,060. d. Omar signed a $5,100 contract to do yard work beginning in May. e. Did work for a client on account; $660. f. Performed services for a customer on credit; $1,150. g. Paid $310 for the supplies purchased in (c). h. Paid $360 for advertising online. i. Collected the amount owed from the customer in (f). Prepare an income statement, statement of changes in equity, and balance sheet for March 2020. Prepare an income statement, statement of changes in equity, and balance sheet for March 2020. OMAR'S YARD CARE Income Statement For Month Ended March 31, 2020 Revenues: Operating expenses: Prey 1 of 3 DHE Next > OMAR'S YARD CARE Statement of Changes in Equity For Month Ended March 31, 2020 Ali Omar, capital, March 1 Ali Omar, capital, March 31 $ 0 BH --- out OMAR'S YARD CARE Balance Sheet March 31, 2020 Assets Liabilities Equity 0 $ Total liabilities and equity $ Total assets Analysis Component: Does the profit of $1,450 represent $1,450 of cash? O Yes O No