Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, Metrix shows the following selected accounts and amounts for the month of March Equipment Salaries expense Consulting revenue $3,200 2,200 $12,500 4,700 20,500 11,400 Office supplies Rental revenue Advertising expense Prepaid insurance Accounts payable 740 2,700 6,740 4,200 3,700 640 Cash Utilities expense Note payable Accounts receivable 540 4,100 5,200 18,400 3,700 Note receivable Rent expense Unearned revenue Common stock Dividends Required: 1. Prepare a March income statement for the business 2. Prepare a March statement of retained earnings. The Retained Earnings account balance at March 1 was $0. 3. Prepare a March 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a March income statement for the business. METRIX Income Statement For Month Ended March 31 Revenues: 20,500 Consulting revenue $ 20,500 Total Revenues Expenses: Salaries expense 4,700 Utilities expense 540 740 Advertising expense Rent expense 3,700 Total Expenses 9,680 10,820X Net income