Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a small office where she employs one administrative assistant. The following activities occurred during March $2023,$ her first month of business:

Moon invested $$3,200$ worth of equipment into her business along with $$3,700$ cash.

Submitted a series of articles to The Globe and Mail and received $$7,200$ cash.

Purchased supplies on credit; $$950.$

Paid the part$-$time administrative assistant$$s salary of $$1,520.$

Moon ordered $$3,700$ of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May.

Paid the rent for the first month; $$2,100.$

Submitted an article to Report on Business; will receive $$5,200$ next month.

$1.$ Prepare an income statement.

$2.$ Prepare a statement of changes in equity.

$3.$ Prepare a balance sheet.

Analysis Component:

Based on the ending balances of assets in the month end balance sheet identify which assets were financed by a$.$ Liabilities, b$.$ Owner investment, and c$.$ Profit$/$Owners$\text{'}$ equity. Also identify the amount$($s$)$ for each.