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Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: Cash Accounts receivable

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Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: Cash Accounts receivable Supplies Accounts payable Common stock Retained earnings February 28, 2018 118,200 March 31, 2018 200,600 67,000 77,000 5,900 4,900 $30,300 $32,700 130,000 130,000 ? ? a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Balance Sheet February 28, 2018 Cash Accounts receivable Supplies Total assets Assets 118,200 67,000 5,900 Liabilities Accounts payable 191,100 30,300

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