Financial information related to the corporation of Ebony Interiors for February and March 20Y3 is as follows:

Line Item Description	February 28, 20Y3	March 31, 20Y3
Cash	$166,500	$282,700
Accounts receivable	94,400	108,500
Supplies	8,300	6,900
Accounts payable	42,700	46,100
Common stock	130,000	130,000
Retained earnings	?	?

Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month.

Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of $34,600 were paid during the month.