Prepare a balance sheet for Rckwell Interiors as Rockwell Interiors Balance Sheet March 31, 20YO Assets Cash Accounts receivable Supplies Total assets 340,000 870,000 32,000 1,242,000 Liabilities Accounts payable 360,000 Owner's Equity David Patel, capital $82,000 Total liabilities and owner's equity 1,242,000 Check My Work a. Recall that the balance sheet is a formal presentation of the accounting equation, such that total assets must equal total abilities and owner's equity b. Determine the amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month. 122,000 c. Determine the amount of net income for March, assuming that the owner made no additional investments but withdrew $50,000 during the month. 390,000 X Check My Work Previous Next >