Lars Linken opened Bridgeport Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. 1 1 1 2 3 6 Owner invested $12,000 cash in the company. Borrowed $4,800 cash by signing a 6-month, 6%, $4,800 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $6,400 cash. Paid $1,200 cash to cover rent from March 1 through May 31. Paid $1,800 cash on a 6-month insurance policy effective March 1. Purchased cleaning supplies for $1,600 on account Billed customers $2.960 for cleaning services performed. Paid $400 on amount owed on cleaning supplies. Paid $1,400 cash for employee salaries. Collected $1.280 cash from customers billed on March 14, Billed customers $3,360 for cleaning services performed. Paid $280 for gas and oil used in truck during month (use Maintenance and Repairs Expense) Owner withdrew $720 cash from the company, 14 18 20 21 28 31 31 Prepare the income statement for March, BRIDGEPORT CLEANERS Income Statement For the Month Ended March 31, 2020 Revenues Service Revenue 6,480 Expenses $ 400 Rent Expense 300 i Insurance Expense 2.260 Salaries and Wages Expense Maintenance and Repairs Expense 280 24 Interest Expense 200 Depreciation Expense 1.380 Supplies Expense Total Expenses 4,844 Net Income /(Loss) 1.636 Prepare a Owner's Equity statement for March. (List items that increase owner's equity first.) BRIDGEPORT CLEANERS Owner's Capital Statement For the Month Ended March 31, 2020 Owner's Capital, March 1 $ 0 Add V