Financial information related to the proprietorship of Ebony Interiors for February and March 2016 is as follows:

Accounts	February 29, 2016	March 31, 2016
Accounts payable	$329,000	$398,000
Accounts receivable	796,000	952,000
Cash	337,000	381,000
Justin Berk, capital	?	?
Supplies	33,000	34,000

	Required:
1.	Prepare balance sheets for Ebony Interiors as of February 29 and March 31, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
2.	Determine the amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month.
3.	Determine the amount of net income for March, assuming that the owner made no additional investments but withdrew $47,000 during the month.