Required :

For Vader P.I., Inc.: prepare an income statement (calculate the profit margin), a retained earnings statement and Balance Sheet for the quarter ended March 31, 2001

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P4-1B Darth Vader began operations as a private investigator on January 1, 2001. The trial balance columns of the work sheet for Vader P.I., Inc., at March 31 are as follows: VADER P.I., INC. Work Sheet For the Quarter Ended March 31, 2001 Instructions Prepare an income statement and a retained earnings statement for the quarter and a classified balance sheet at March 31 . Stockholders did not make any additional investments in the business during the quarter ended March 31, 2001