Post journal entries to appropriate t accounts and prepare an income statement and a statement of retained earnings for the month of March and at the end of March.

March 1: Issued $10,000 common stock in exchange for cash.

3: Purchased $300 of supplies on account.

7: PRepaid $1,500 total for April, May, and June rent.

8: Paid $175 towards the March 3 purchase of supplies.

11: Billed customers $5,780 for services rendered.

12: Paid $700 for March advertising.

25: Receive $4,500 from customers billed on March 11.

28: Paid $200 in dividends to stockholders.

29: Paid $1,200 for March salaries.

29: Paid $760 for March untilities.