D A B c Income Statement 10 For the Month Ended March 31 20x1 11 Sales Revenues $34,500 12 Expenses: 13 Rent Expense 2,600 14 Salaries Expense 15 Utilities Expense 4,800 16 Income Tax Expense 800 17 Net income $4,100 18 19 MARTA COMMUNICATIONS, INC. Statement of Stockholders' Equity 21 For the Month Ended March 31, 20X1 Common Stock Retained Earnings 23 Beginning Balance (March 1, 20X1) SO 24 issuance of common stock $14,000 25 Add: Net income for March 26 Less: Dividends 27 Ending Balance (March 31, 20X1) $14.000 28 20 Total SO so $14,000 4.100 1500) $17,600 (500) urinatung Table Styles Clipboard - D25 4100 19 20 B c MARTA COMMUNICATIONS INC Statement of Stockholders For the Month Ended March 31 201 Common Stock Retained Earnings SO $14,000 $0 21 22 25 Berinning Balance (March 1, 20x1) 24 Issuance of common stock 25 Add: Net income for March 26 Less: Dividends 27 Ending Balance (March 31, 20X1) 28 29 30 Total SO $14,000 4 100 (500) $17.601 (500) $14,000 MARTA COMMUNICATIONS INCI Balance Sheet At March 31 20X1 Liabilities $3,400 Accounts payable Stockholders' Equity 2.300 Common stock 12.000 Retained earnings Total Liabilities and Stockholders' Equity 31 Assets 33 Cash 34 Accounts receivable 155_ Supplies Land Total Assets $6,800 14,000