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Angela Peterson recently opened her own law office on March 1, which she operates as a corporation. The name of the new entity is Angela

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Angela Peterson recently opened her own law office on March 1, which she operates as a corporation. The name of the new entity is Angela Peterson, Attorney. Peterson experienced the following events during the organizing phase the new business and its first month of operation, March 2024. Some of the events were personal and did not affect the law practice. Others were business transactions and should be accounted for by the business. (Click the icon to view the transactions.) Read the requirements. Requirement 2. Prepare the financial statements. a. Income statement for the month ended March 31, 2024. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Mar. 1 Sold personal investment in Amazon stock, which she had owned for several years, receiving $36,000 cash Mar. 2 Deposited the $36,000 cash from the sale of the Amazon stock in her personal bank account. Mar. 3 Deposited $80,000 cash in a new business bank account titled Angela Peterson, Attorney. The business issued common stock to Peterson. Mar. 5 Paid $750 cash for ink cartridges for the printer. Mar.7 Purchased computer for the law office, agreeing to pay the account, $7,000 within three months. Mar. 9 Received \$2.500 cash from customers for services rendered Mar. 15 Received bill from The Lawyer for magazine subscription, $300 (Use Miscellaneous Expense account) Mar. 23 Finished court hearings on behalf of a client and submitted a bill for legal services $19,000, on account. Mar. 28 Paid bill from The Lavyer Mar. 30 Paid utilities. $1,050 Mar. 31 Received \$2.900 cash from clients billed on March 23 Mar. 31 Cash dividends of $4,500 were paid to stockholders

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