Media Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical for the month just ended March 31, 2020: Account Accounts payable Debit Credit $ 51,000 Accounts receivable. $ 3,500 Building Cash 85,000 19,500 Revenue 137,500 Sam Smith, capital 127,000 Sam Smith, withdrawals 20,500 Land Machinery 89,000 55,000 Notes payable 119,000 Office supplies 3,500 Office supplies expense 7,500 Wages expense 151,000. $434,500 $434,500 Totals The $127,000 balance includes $40,000 invested by the owner during March. Required: Using the information provided, prepare an income statement and a statement of changes in equity for the month ended Marc 2020, and a balance sheet at March 31, 2020. MEDIA MARKETING SERVICES Income Statement For Month Ended March 31, 2020 Revenues Operating expenses Total operating expenses com - Ch 2-Connect < Prev 2 of 4 Next > Ch 2 i MEDIA MARKETING SERVICES Statement of Changes in Equity For Month Ended March 31, 2020 Sam Smith, capital, March 1 Total Sam Smith, capital, March 31 $ 0 0 0 Saved