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Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: Cash Accounts receivable Supplies Accounts payable Common stock

Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: Cash Accounts receivable Supplies Accounts payable Common stock Retained earnings February 28, 2018 March 31, 2018 114,700 194,600 65,000 74,700 5,700 4,800 $29,400 $31,800 130,000 130,000 ? ? a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Balance Sheet February 28, 2018 Assets Total assets Liabilities Stockholders' Equity. Total stockholders' equity Total liabilities and stockholders' equity Prepare balance sheets for Ebony Interiors as of March 31, 2018. Ebony Interiors Balance Sheet March 31, 2018 Assets Total assets Liabilities Stockholders' Equity. Total stockholders' equity Total liabilities and stockholders' equity b. Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month. c. Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of $23,800 were paid during the month

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