double check 1 and do the other parts

Exercise 1 MASON'S INCORPORATED (in 000s of dollars) Inventory, March 31, 2019 balance sheet Gross income (profit) - Pocone Staremer $758 857 EXERCISES ON THE INCOME STATEMENT AND BALANCE SHEET RELATIONSHIP Long-term notes payable - balonce Sheet Store fixtures, net Pocone Statoverbances- 31 Retained earnings, April 1, 2018 balance sheet Inventory. April 1. 2018 - Pocone Statoren Cash balance Sheet Common stock 144 Selling expenses incore Stetorent 341 Accounts payable balonce Sheet 288 Income tax expense - balance sheet 12 540 48 General and administrative expenses - income Statement 432 Accrued expenses payable - balance Sheet 96 Accounts receivable balance sheet 324 Dividends - baence Sheet 12 Notes payable balance Sheet 252 684 36 balence steet & income stetrent Sales balance sheet encore Stemerry 3,398 Depreciation expense - balcice Sheet Income tax payable balonce sheet 36 Store fixtures, cost balance sheet 180 7 Assignment Different balance sheet and income statement accounts are listed above in random order. The balance sheet accounts are as at March 31, 2019, except where noted. The income statement amounts are for the year April 1 2018, to March 31. 2019. 1. Determine whether each account is a balance sheet or an income statement item. 2. Prepare an income statement for Mason's Incorporated for the year ending March 31, 2019. 3. Prepare a statement of retained earnings for the year ended March 31, 2019. 4. Prepare a balance sheet as at March 31, 2019, for Mason's Incorporated