Problem D-7A Preparing an income statement, statement of retained earnings, and balance sheet. LO P3 Angela Lopez owns and manages consulting firm called Metrix, which began operations on March 1. On March 31, Metrix shows the following selected accounts and amounts for the month of March. Equipment $7,000 Office supplies $2,100 ces salaries expense 3,600 Rental revenue 1,100 Consulting revenue 15,000 Advertising expense 520 Cash 9,200 utilities expense 320 Note payable 3,000 Prepaid insurance Accounts payable Note receivable 1,600 3,220 3,100 Accounts receivable Common stock Dividends 4,100 Rent expense 2,600 14,000 2,600 Unearned revenue 420 Required: 1. Prepare a March income statement for the business. 2. Prepare a March statement of retained earnings. The Retained Earnings account balance at March 1 was SO 3. Prepare a March 31 balance sheet. Hint Use the Retained Earnings account balance calculated in part 2. Complete this question by entering your answers in the tabs below.