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

	February 28, 2018		March 31, 2018
Cash	152,100		258,200
Accounts receivable	86,200		99,100
Supplies	7,600		6,300
Accounts payable	$39,000		$42,100
Common stock	130,000		130,000
Retained earnings	?		?

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

Ebony Interiors Balance Sheet February 28, 2018

Assets
Accounts payableCommon stockCashRetained earningsCash	$Cash
Accounts payableAccounts receivableCommon stockRetained earningsAccounts receivable	Accounts receivable
Accounts payableCommon stockRetained earningsSuppliesSupplies	Supplies
Total assets		$fill in the blank 65fc6e01cffe028_7
Liabilities
Accounts payableAccounts receivableCashCommon stockRetained earningsAccounts payable		$Accounts payable
Stockholders' Equity
Accounts payableAccounts receivableCommon stockCashSuppliesCommon stock	$Common stock
Accounts payableAccounts receivableCashRetained earningsSuppliesRetained earnings	Retained earnings
Total stockholders' equity		fill in the blank 65fc6e01cffe028_14
Total liabilities and stockholders' equity		$fill in the blank 65fc6e01cffe028_15

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

Ebony Interiors Balance Sheet March 31, 2018

Assets
Accounts payableCommon stockCashRetained earnings	$- Select -
Accounts payableAccounts receivableCommon stockRetained earnings	- Select -
Accounts payableCommon stockRetained earningsSupplies	- Select -
Total assets		$fill in the blank a898d2ffc049faf_7
Liabilities
Accounts payableAccounts receivableCashCommon stockRetained earnings		$- Select -
Stockholders' Equity
Accounts payableAccounts receivableCommon stockCashSupplies	$- Select -
Accounts payableAccounts receivableCashRetained earningsSupplies	- Select -
Total stockholders' equity		fill in the blank a898d2ffc049faf_14
Total liabilities and stockholders' equity		$fill in the blank a898d2ffc049faf_15

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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. $fill in the blank 6b6a42019078f9e_1

c. Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of $31,600 were paid during the month. $fill in the blank 6b6a42019078f9e_2