Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows:

	February 28, 2018		March 31, 2018
Cash	123,600		209,900
Accounts receivable	70,100		80,500
Supplies	6,200		5,100
Accounts payable	$31,700		$34,200
Common stock	130,000		130,000
Retained earnings	?		?

a. Prepare balance sheets for Ebony Interiors as of February 28, 2018.

b. Prepare balance sheets for Ebony Interiors as of March 31, 2018.

1. 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 $25,700 were paid during the month. $_________