Byzon Boyd recently opened a law office on March 1, which operates as a corporation. The name of the new entity is Byzon Boyd, Attorney. Boyd experienced the following events during the organizing phase of the new business and its first month of operation, March 2025. Some of the events were personal and did not affect the law practice. Others were business transactions and should be accounted for by the business

Transactions Requirement 1. Analyze the effects of the preceding events on the accounting equation of Byzon Boyd, Attorney. Revenue; Sup. = Supplies; Util. = Utilities.) Requirements 1. Analyze the effects of the preceding events on the accounting equation of Byzon Boyd, Attorney. 2. Prepare the following financial statements: a. Income statement for the month ended March 31, 2025. b. Statement of retained earnings for the month ended March 31, 2025. c. Balance sheet as of March 31, 2025. d. Statement of cash flows for the month ended March 31, 2025. 3. Calculate Byzon Boyd, Attorney's return on assets. Round to the nearest whole percent