Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, 2018 March 31, 2018 Cash 188,700 111,200 63,000 72,400 Accounts receivable Supplies Accounts payable 4,600 5,600 $28,500 130,000 $30,800 Common stock 130,000 Retained earnings ? 2 a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Balance Sheet February 28, 2018 Assets Cash 111,200 Accounts receivable 63,000 Supplies 5,600 Total assets 179,800 Liabilities Accounts payable 28,500 Common stock Stockholders' Equity 130,000 Datinadas inne Prepare balance sheets for Ebony Interiors as of March 31, 2018. Ebony Interiors Balance Sheet March 31, 2018 Assets Cash 188,700 Accounts receivable 72,400 Supplies 4,600 Total assets 265,700 Liabilities Accounts payable 30,800 Common stock Stockholders' Equity 130,000 Retained earnings 234,900X Total stockholders' equity 364,900 X Total liabilities and stockholders' equity 395,700 X b. Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month. 386,200 X c. Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of $23,100 were paid during the month