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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,

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 ? ?

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a. Prepare balance sheets for Ebony Interiors as of February 28, 20Y3.

b. Prepare balance sheets for Ebony Interiors as of March 31, 20Y3.

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