Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, the company's records show the following accounts and amounts for the month of March.

Angela Lopez owns and manages a consulting rm called Metrix, which began operations on March 1. On March 31, the company's records show the following accounts and amounts for the month of March. Equipment $ 9,888 Office supplies $ 2,588 Salaries expense 4,888 Rental revenue 1,588 Consulting revenue 1?,888 Advertising expense 688 Cash 18,888 Prepaid insurance 2,888 Utilities expense 488 Accounts payable 4,588 Note payable 3,488 Note receivable 3,588 Accounts receivable 4,588 Rent expense 3,888 A. Lopez, Withdrawals 3,888 Unearned revenue 588 I Required: 1. Prepare a March income statement for the business. 2. Prepare a March statement of owner's equity. The owner's capital account balance at February 28 was $0, and the owner invested $15,600 cash in the companyr on March 1. 3. Prepare a March 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2. Required information [The following information applies to the questions displayed below.] The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit Cash $ 151,906 Accounts receivable 55,000 Interest receivable 18, 800 Notes receivable (due in 90 days ) 171, 000 office supplies 16,500 Automobiles 168, 000 Accumulated depreciation-Automobiles 50,900 Equipment 142, 000 Accumulated depreciation-Equipment 28,000 Land 78,000 Accounts payable 100, 090 Interest payable 45, 000 Salaries payable 17, 000 Unearned fees 44, 000 Long-term notes payable 142,000 R. Chiara, Capital 325, 800 R. Chiara, Withdrawals 48, 900 Fees earned 504, 000 Interest earned 24, 000 Depreciation expense-Automobiles 27, 000 Depreciation expense-Equipment 18, 000 Salaries expense 186, 000 Wages expense 42,000 Interest expense 32, 000 Office supplies expense 34, 800 Advertising expense 60, 000 Repairs expense-Automobiles 30, 800 Totals $1, 279, 800 $1, 279, 800 Required: 1(a) Prepare the income statement for the year ended December 31. 1(b) Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at Dec. 31 of the prior year was $325,800.] 1(c) Prepare Chiara Company's balance sheet as of December 31