Problem 2-7A Preparing an income statement, statement of owner's equity, and balance sheet. LO P3 Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, the company's records show the following accounts and amounts for the month of March $ 5,000 3,200 13,000 8,400 Equipment Salaries expense Consulting revenue Cash Utilities expense Note payable Accounts receivable A. Lopez, withdrawals office supplies $1,700 Rental revenue 700 Advertising 440 expense Prepaid 1,200 insurance Accounts 1,940 payable Note receivable 2,700 Rent expense 2,200 Unearned 340 revenue 240 2,600 3,700 2,200 Required: 1. Prepare a March income statement for the business. 2. Prepare a March statement of owner's equity. The owner's capital account balance at February 28 was $0, and the owner invested $12,400 cash in the company on March 1. 3. Prepare a March 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2 Complete this question by entering your answers in the tabs below. Required Required Required Prepare a March statement of owner's equity. The owner's capital account balance at February 28 was $0, and the owner invested $12,400 cash in the company on March 1. METRIX Statement of Owner's Equity