Create a balance sheet for a food truck in its second month of operation. Use retained earnings and income statement as a guide.Use creative license when needed.

Income Statement For the Month Ended March 31, 2018 Sales Sales Revenue Net sales $25,000.00 12,000.00 13,000.00 Cost of goods sold Gross profit Operating expenses Salaries and wages expense Utilities expense Food expense Rent expense Advertising expense Depreciation expense Transportation expense Insurance expense $5,000.00 $1,000.00 $1,000.00 750.00 $500.00 $485.33 $200.00 $100.00 Total operating expense Income from operations $9,035.33 $3,964.67 Other expenses and losses Interest expense $1,000.00 $2,964.67 $889.20 Income before income taxes Income tax expense Net income $2,075.47 Income Statement For the Month Ended March 31, 2018 Sales Sales Revenue Net sales $25,000.00 12,000.00 13,000.00 Cost of goods sold Gross profit Operating expenses Salaries and wages expense Utilities expense Food expense Rent expense Advertising expense Depreciation expense Transportation expense Insurance expense $5,000.00 $1,000.00 $1,000.00 750.00 $500.00 $485.33 $200.00 $100.00 Total operating expense Income from operations $9,035.33 $3,964.67 Other expenses and losses Interest expense $1,000.00 $2,964.67 $889.20 Income before income taxes Income tax expense Net income $2,075.47