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	139,600		237,000
Accounts receivable	79,100		90,900
Supplies	7,000		5,800
Accounts payable	$35,800		$38,700
Common stock	130,000		130,000
Retained earnings	?		?

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 $29,000 were paid during the month. $