On March 1st, Richard Cook had capital of $150,000. During the month of March he withdrew $31,000 from the business for personal use. The amount of assets, liabilities, revenue, and expenses are listed below. Prepare an income statement, statement of owner's equity, and balance sheet for March 31st.

Accounts Payable = $10,250

Accounts Receivable = $45,950

Cash = $23,840

Fees Earned = $64,950

Insurance expense = 1,275

Land = $85,400

Miscellaneous expenses = $1,210

Prepaid insurance = $3,000

Rent expense = $9,000

Salary expense = $20,300

Supplies = $900

Supplies expense = $525

Utilities expense = $2,800