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Balance sheets, net income Financial information related to the corporation of Ebony Interiors for February and March 20Y3 is as follows: a. Prepare balance sheets

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Balance sheets, net income Financial information related to the corporation of Ebony Interiors for February and March 20Y3 is as follows: a. Prepare balance sheets for Ebony interiors as of February 28, 20 Y3. Prepare balance sheets for Ebony Interiors as of March 31,20Y3. 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. c. Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of 529,700 were paid during the month. 1

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