Income Statement and Balance Sheet On March 1, 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, Cart invested $15,000 of her own funds in the firm and borrowed $6,000 from her father on a six-month, non-interest-bearing not payable. The following information is available at March 31: Accounts receivable Rent expense Advertising expense $9,700 Delivery fees earned $19,300 1.500 Cash 900 Supplies 12,900 6,500 Supplies expense 2,700 Notes payable 6,000 Accounts payable 1.200 Insurance expense 6,300 Common stock 800 15,000 Salaries expense Miscellaneous expense 200 Retained earnings a. Prepare an income statement for the month of March. Revenue Expenses Dart Delivery Service Income Statement For the month ended March 31 Rent expense Advertising expense Supplies expense Salaries expense Insurance expense Miscellaneous expense Total expenses b. Prepare a balance sheet as of March 31. Note: Balance sheet accounts are listed on the balance sheet in a certain order. Refer to Columbia's Balance Sheet in Exhibit 1-6 in the textbook and enter answers in the appropriate order. Assets Dart Delivery Service Balance Sheet March 31 Liabilities = S = Notes payable Supplies Total Liabilities Total Assets Previous Save Answers Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ Next >