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 111,200 188,700 63,000 72,400 5,600 4,600 Accounts receivable Supplies Accounts payable Common stock Retained earnings $28,500 $30,800 130,000 130,000 ? ? a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Balance Sheet February 28, 2018 Assets 111,200 Cash Accounts receivable 63,000 Supplies 5,600 Total assets 179,800 Liabilities Accounts payable 28,500 Stockholders' Equity annon Common stock 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 Total stockholders' equity Total abilities and stockholders' equity 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. 82,600 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