Kim Kardashian, opened a drone service business called, on March 01, 2018. K Krew provides aerial consulting services to agricultural producers with large production acreages. The following transactions occurred in the month of March. March 1 K-Krew sold 40,000 shares of capital stock to Kim Kardashian for $40,000 cash. March 2 Drone and video recording equipment purchased for $245,000. Paid $45,000 in cash and will pay the remaining balance in 60 days March 4 Paid Kanye's video editing $2,500 to edit drone footage for delivery to customers March 15 Sent invoice to customers for $8,500 for drone video and photographs taken during the first half of March. March 15 Salaries of $6,000 were paid to employees for services performed during the first half of March. March 18 Paid Ed Sheran Drone Services $2,000 for maintenance and repair services on the company's drones Customers paid $5,000 of the amounts billed on March 15. Sent invoice $17,000 for aerial photographs taken during the second half of the March 25 March 30 month. March 30 Paid $6,000 in salaries earned by employees during the second half of the month. March 30 Received a $2,500 bill from Enterprise Car Rentals for rental services in March. The payment is due May 31th. March 30 K-Krew intends to pay dividends of $3,000 to shareholders on July 15. INSTRUCTIONS a) Record each transaction in the General Journal for K-Krew. Post each transaction to the appropriate General Ledger T-Accounts. Construct a Trial Balance dated March 31, 2018. b) d) Using the Trial Balance you prepared in part d, compute total assets, total liabilities, and owners e equity. Based on these totals in (d) above, did March, 2018 appear to be a profitable month