FSA company has the following transactions with different customers:

- FSA sold a machine worth 200,000 to customer A on January 15^th. The customer has the right to return the machine if the machine does not operate as advertised by FSA. If the customer does not provide any intimation to FSA within four months of the purchase of the machine, it is assumed that the machine is working as advertised. The machine is part of a generic line of machines sold by FSA and such machines have been extensively tested in the past and have been sold to several customers with negligible complaints. As of March 31^st the customer has paid fifty percent of the price of the machine however, customer A has not sent any other intimation.

- FSA sold a highly customized machine worth 500,000 to customer B on March 1^st. The entire payment from the customer was received on March 1^st itself. Customer B will accept the machine only if it fits perfectly with the pre-existing assembly line of customer B. The machine was delivered on March 20^th to customer B however the integration of the machine in customer Bs assemble line will start on 5^th April.

- FSA sells maintenance contracts for servicing the machines it manufactures and sells. It sold a contract worth 100,000 for 10 services to customer C on January 1^st. The entire payment of 100,000 was received on January 1^st. FSA provided two services to customer C on 1^st February and 1^st March.

- FSA sold 100 small handheld machines to customer D each machine is worth 2000. Customer D paid for all the machines on the date of the purchase. However, customer D has the right to return any unsold machines to FSA for up to six months after the date of sale. As of March 31^st, 40 machines were sold by customer D.

Prepare the income statement and balance sheet of FSA as of 31^st March based on the transactions provided above.