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

Equipment	$	5,500		Office supplies	$	1,800
Salaries expense		3,300		Rental revenue		800
Consulting revenue		13,500		Advertising expense		460
Cash		8,600		Prepaid insurance		1,300
Utilities expense		260		Accounts payable		2,260
Note payable		2,700		Note receivable		2,800
Accounts receivable		3,800		Rent expense		2,300
A. Lopez, Withdrawals		2,300		Unearned revenue		360

Required: 1. Prepare a March income statement for the business. 2. Prepare a March statement of owners equity. The owners capital account balance at February 28 was $0, and the owner invested $12,800 cash in the company on March 1. 3. Prepare a March 31 balance sheet. Hint: Use the owners capital account balance calculated in part 2.