I have 3 question of accounting

1-Dairy Services was organized on August 1, 2016. A summary of therevenueandexpensetransactions for August follows:

Fees earned	$781,000
Wages expense	560,000
Rent expense	34,000
Supplies expense	8,000
Miscellaneous expense	10,900

Prepare an income statement for the month ended August 31. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign. 2-Financial information related to Ebony Interiors for February and March 2016 is as follows:

Cash	$326,000	$377,000
Accounts receivable	820,000	954,000
Supplies	31,000	35,000
Accounts payable	327,000	389,000
Common stock	200,000	200,000
Retained earnings	?	?

Required:
1.	Preparebalance sheetsfor Ebony Interiors as of February 29 and March 31, 2016. Refer to the lists ofAccounts, 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 no additional common stock was issued and no dividends were paid during the month.
3.	Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of $42,000 were paid during the month.

3

Builder's Outlet reported the followingbalance sheetdata (in millions):

	Year 2	Year 1
Total assets	$83,239		$119,756
Total stockholders' equity	33,700		36,400

a. Determine the total liabilities at the end of Years 2 and 1.

Year 2	$million
Year 1	$million

b. Determine the ratio of liabilities to stockholders' equity for Year 2 and Year 1. Round your answers to two decimal places.

Year 2
Year 1