Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Devery Service, which provides delivery of bulk mailings to the post office, neighborhood delivery of we wspapers data delivery to computer Service centers, and various other delivery Senicassing leased vans On February 28, Dart invested 560,000 of her own funds in the firm and borrowed $24000 from her father on a six-month, non Interest-bearing note payable. The following information is available at March 31 Accounts Receivable 538.800 Delivery fees and 77.00 Rent Expense 6.000 Canh 51500 Acer Expen 1600 Supplies 15.000 Supplies Exe 1000 Notes Accounts Payable Dance 200 25.200 Commons Miscellaneous Expert 90 and Required a: Prepare an income statement for the month of March Denotie negative signs with your answers DART DELIVERY SERVICE Income Statement For the Month Ended March 1, 2015 + Expenses = 0 0 Advertise Supplies Lapere Sauries Expenie Insurance Espoo Mohlo Total Expo 0 5 b. Prepare a balance sheet as of March 31, 2016. DART DELIVERY SERVICE Balance Sheet As of March 31, 2016 ASSETS LIABILITIES $ 0 0 o Notes payable 0 Supplies 0 Total Liabilities $ STOCKHOLDERS' EQUITY 0 0 Total Stockholders' Equity $ Total Assets 0 Total Liabilities and Stockholders' Equity $ . 0 0 0