can someone help explain this for a report? I was able to do the financial statements but Im struggling to write this report on the process!

The following events occurred in March: - March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid $250 to the county for a business license. - March 2: Owner signed lease on office space; paying first (March 20XX) and last month's rent of $950 per month. - March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business. - March 6: Owner performed service for cllent in the amount of $650. Customer paid in cash. - March 8: Owner purchased advertising services on account in the amount of $500. - March 10: Owner provided services to elient on account, in the amount of $1,725. - March 15: Owner paid business insurance in the amount of $750. - March 20: The owner received first utility bill in the amount of $135, due in April. - March 20: Office copier required maintenance; owner paid $95.00 for copier servicing. - March 22: Owner withdrew $500 cash for personal use. - March 25: Owner paid \$215 for office supplies. - March 25: Owner provided service to client in the amount of \$350. Client paid at time of service. - March 30: Owner paid balance due for advertising expense purchase on March 8 . - March 30: Received payment from customer for March 10 invoice in the amount of $1,725. - March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5. - March 31: Provided service for client on account in the amount of $3,500. - March 32: Fecord depreciation of the office furniture at 545.83. Process [n this section you will discuss the process you used to generate accurate financial statement results for the business owner from the list of business transactions provided. Explain what is being communicated through each of the financial statements you prepared (income statement, statement of equity and balance sheet) and how this information will be used in business decision making and planning.] A Company Income Statement For Month ending 3/31/20XX Revenues \begin{tabular}{|l|ll|} \hline Service revenue & $ & 6,225.00 \\ \hline Total Revenues & $ & 6,225.00 \\ \hline \end{tabular} Operating Expenses: A B C. D E. F A Company Balance Sheet As of March 31,20X \begin{tabular}{|l|r|} \hline Assets \\ \hline Current Assets: \\ \hline Cash & 139,465.00 \\ \hline Accounts Receivable & 3,500.00 \\ \hline Office Supplies & 215.00 \\ \hline & \\ \hline & 143,180.00 \\ \hline Total Current Assets & \\ \hline \end{tabular} Liabilities and Owners' Equity Current Liabilities: \begin{tabular}{|l|r|} \hline Accounts payable & 135.00 \\ \hline wages payable & 275.00 \\ \hline Total Current Liabilities & 410.00 \\ \hline Long Term Liabilities: & 125,000.00 \\ \hline Total Long Term Liabilities: & 125,000.00 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Total Liabilities: & 125,410.00 \\ \hline \end{tabular} Owner's Equity Owners capital 20.474.17 Non-Current Assets: Office fumiture Total Non Current/Fixed Assets \begin{tabular}{|r|} \hline 2,750.00 \\ \hline(45.83) \\ \hline 2,704.17 \\ \hline \end{tabular} Total Equity 20,474.17 Total Assets: 145,884.17 Total Liabilities & Equity 4145,884.17