QRS Ltd. had the following transactions in March 2024:

• March 3: Issued 3,000 shares of common stock for $45,000.
• March 10: Purchased supplies for $1,200 on account.
• March 17: Paid $900 for utilities.
• March 24: Made sales of $10,000 on account.
• March 31: Paid $2,500 for salaries.

Requirements:

1. Record the journal entries for the transactions.
2. Post the entries to T-accounts.
3. Prepare a trial balance as of March 31, 2024.
4. Prepare an income statement for March 2024.
5. Evaluate the impact of the sales on the company's financial performance.