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Mr. Cash is the owner of Money Management Company. The following is a list of his assets and liability accounts for March 2021: - Bank

Mr. Cash is the owner of Money Management Company. The following is a list of his assets

and liability accounts for March 2021:

- Bank $65,000

- Automobile $5000

- Supplies $500

- A/R - Prose Portraits $2500

- Building $90,000

- A/P - Gray Designs $150

- Bank Loan $5000

- Mortgage $40,000

- Mr.Cash, Capital ???

Create an income statement for Money Management Company. Were they

profitable for the month of April 2015?

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