Instructions Labels and Amount Descriptions Balance Sheet, February 29, 20Y0 Instructions Financial information related to the proprietorship of Rockwell Interiors for February and March 20Y0 is as follows: Accounts February 29, 20Y0 March 31, 2010 Accounts payable $329,000 $398,000 Accounts receivable 796,000 952,000 Cash 337,000 381,000 David Patel, capital ? ? Supplies 33,000 34,000 Required: 1. Prepare balance sheets for Rockwell Interiors as of February 29 and March 31, 20Y0. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. 2. Determine the amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month. 3. Determine the amount of net income for March, assuming that the owner made no additional investments but withdrew $47,000 during the month Instructions Labels and Amount Descriptions Balance Sheet, February Instructions Fir Labels and Amount Descriptions Labels February 29, 20YO For the Month Ended February 29, 20YO For the Month Ended March 31, 20YO March 31, 20YO Amount Descriptions Net income Net loss Total assets Total expenses Total liabilities Total liabilities and owner's equity Total revenue Balance sheets, net income Instructions Labels and Amount Descriptions Balance Sheet, February 29, 2010 Balance Sheet, February 29, 2010 V 1. Prepare balance sheet for Rockwell Interiors as of February 29, 2010. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. When entering assets, enter them in order of liquidity Rockwell Interiors Balance Sheet Assets (Label) Liabilities Owner's equity Balance sheets, net income Instructions Labels and Amount Descriptions Balance Sheet, February 29, 20Y0 Balance Sheet, March 31, 20YO 1. Prepare balance sheet for Rockwell Interiors as of March 31, 20Y0. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. When entering assets, enter them in order of liquidity Rockwell Interiors Balance Sheet Assets (Label) Liabilities Owner's equity Balance Sheet, ruary 29, 2090 Net Income (part 2) 2. Determine the amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month. The amount of net income for March is $ Net Income (part 3) 3. Determine the amount of net income for March, assuming that the owner made no additional investments but withdrew $47,000 during the month. The amount of net income for March is $