Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Delivery Service, which provides delivery of bulk mailings to the post office, neighborhood delivery of weekly newspapers, data delivery to computer service centers, and various other delivery services using leased vans. On February 28, Dart invested $75,000 of her own funds in the fem and borrowed $30.000 from her father on a six month, nen interest-bearing note payable. The following information is available at March 31 Accounts Receivable $48,500 Delivery Fees Earned $9,500 Rent Expense Advertising Expense 7.500 Cash 64.500 4.500 Supplies inventory 32.500 Supplies Expense 13,500 Notes Payable 30,000 Accounts Payable 6.000 earance Expense 4,000 31.500 Common Stock 25,000 Salaries Expense Miscellaneous Expense 1.000 Retained Earning Required a Prepare an income statement for the month of March Do not use negative sixco with your answers DART DELIVERY SERVICE Income Statement Far the Month Ended March 31, 2016 Expenses Adversing Expense Supplies Expan Insurance Expense Salaries Expense Miscellaneous Expense Total Expenses a 0 B 0 if March 31 2016 a. Prepare an income statement for the month of March. Do not use negative signs with your answers. DART DELIVERY SERVICE Income Statement For the Month Ended March 31, 2016 Expenses 0 Advertising Expense 0 Supplies Expense 0 Salaries Expense 0 Insurance Expense 0 Miscellaneous Expense 0 Total Expenses $ 0 0 $ 0 b. Prepare a balance sheet as of March 31, 2016. DART DELIVERY SERVICE Balance Sheet As of March 31, 2016 Supplies Total Assets ASSETS $ 0 0 Notes payable 0 Total Liabilities. LIABILITIES : $ 0 0 $ 0 STOCKHOLDERS' EQUITY 0 0 Total Stockholders' Equity $ 0 $ 0 Total Liabilities and Stockholders' Equity $ 0 Please answer all parts of the question. Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Delivery Service, which provides delivery of bulk mailings to the post office, neighborhood delivery of weekly newspapers, data delivery to computer service centers, and vanous other delivery services using leased vans. On February 28, Dart invested $75,000 of her own funds in the firm and borrowed $30,000 from her father on a six-month, non- interest bearing note payable. The following information is available at March 31: Accunts Receivable 348.500 Delivery Fees Earned $9.500 2.500 Cash 32.500 Set Expense 64,500 Advertising Expense Supplies Expense 4,500 Supplies Inventory 13.500 es Payable Accounts Payatile Salaries Expense Miscelaneous Expense 6,000 insurance Expense 31.500 Common Stock 1000 Retamed Samings 10.000 4300 75.000