littleco LTD	Balance sheet, April1, 2022
Assets		Liabilities
Cash	143.000	Note payable	428.000
Accounts receivable	65.800	Accounts payable	32.600
Prepaid insurance	12.000	Salaries payable	26.000
Computer systems	24.000	Total liabilities	486.600
Accumulated depreciation CPU	-1.000	Owners Equity
Land	132.000	Capital stock	200.000
Building	440.000	Retained earnings	129.200
		Total owners equity	329.200
Total	815.800	Total liability + OE	815.800

On April 1st, the company Littleco, Ltd showed the following balance sheet

During the month of April the revenues and expenses of the company were the following All accounts receivable have been collected

All accounts payable listed on the 1st of April Balance sheet have been settled. Recorded revenues for $222,500 paid in cash

Recorded salary expenses for 52,000 paid in cash Recorded depreciation expense for the computers for $1,800

Recorded water expense for $3,200 payable in May Recorded insurance expense for $1,000 1: Prepare the income statement of the company for the month of April 2022

2: Prepare the closing entries on the general journal of the company 3: Prepare a balance sheet of Littleco, Ltd. at April 1st