Need Question ex- 1-21

EX 1-21 Balance sheets, net income obj. 5 B.$135,000 Financial information related to Ebony Interiors for February and March 2018 is as follows: February 28,2018 Mach 31,2018 Cash Accounts recevable Supplies Accounts payable Common stock Retalined earnings 320,000 800,000 30,000 310,000 200,000 960,000 35,000 400,000 A. Prepare balance sheets for Ebony Interiors as of February 28 and March 31, 2018 B. Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month. C. Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of S50,000 were paid during the month