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Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, 2018 March 31, 2018 Cash 219,200 372,000 Accounts receivable 124,200 112,700 Supplies 11,000 9,100 Accounts payable $56,200 $60,700 Common stock 130,000 130,000 Retained earnings P 2 a. Prepare balance sheets for Ebony Interiors as of February 28, 2018, Ebony Interiors Balance Sheet February 28, 2018 N Assets Cash 219,200 Accounts receivable 124,200 Supplies 11,000 Total assets $ 354,400 liabilities Liabilities Accounts payable 56,200 Stockholders Equity Common stock $ 130,000 Retained earnings Total stockholders' equity Total liabilities and stockholders equity Prepare balance sheets for Ebony Interiors as of March 31, 2018, Ebony Interiors Balance Sheet March 312018 Assets Cash 372,000 Accounts receivable 142,700 Supplies 9,100 Total assets S 523,800 Liabilities Accounts payable 55 60,700 Assets Cash S 372,000 Accounts receivable 142,700 Supplies 9,100 Total assets S 523,800 Liabilities Accounts payable 60,700 Stockholders' Equity Common stock $ 130,000 Retained earnings w Total stockholders' equity Total liabilities and stockholders' equity 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 $45,500 were paid during the month. $