Search 9:44 AM Mon Mar 9 86% 0 Nevada Inc. (3).doc 8. Feb. 28 - A note payment for Note Number [2] paid in the amount of $7,000. 9. Mar. 1 - Purchased $14,000 worth of inventory. Only $5,000 paid at the time of purchase. 10. Mar. 1 - Billed customer $34,000 for work completed. 11. Mar. - Purchased equipment for $100,000. A part payment of $10,000 was made a note was signed for the balance. This note has a 7% interest rate. 12. Mar. 1-Paid in cash $30,000 for Feb wages. 13. Mar. 10 - Marketing expenses of $13,000 paid this date. 14. Mar. 20 - Declared a dividend of $2 per share for all shares own by shareholders on April, 2020. 15. Mar. 30 - End of the quarter supply inventory was $100. 16. Mar. 30 - Received a utility bill for the quarter ending March 31, 2020. 17. Mar. 31 - 20,000 more shares sold at a price of $18 per share. 18. Mar. 30 - Income Tax Rate was 20%. PREPARE THE Income Statement; Statement of Retained Earnings; Statement of Financial Position (Balance Sheet] for the QUARTER ENDING 3/31/20 Notes: Building has a 20 year useful life. All Equipment has a useful life of 5 years. Search 9:44 AM Mon Mar 9 86% 0 Nevada Inc. (3).doc 8. Feb. 28 - A note payment for Note Number [2] paid in the amount of $7,000. 9. Mar. 1 - Purchased $14,000 worth of inventory. Only $5,000 paid at the time of purchase. 10. Mar. 1 - Billed customer $34,000 for work completed. 11. Mar. - Purchased equipment for $100,000. A part payment of $10,000 was made a note was signed for the balance. This note has a 7% interest rate. 12. Mar. 1-Paid in cash $30,000 for Feb wages. 13. Mar. 10 - Marketing expenses of $13,000 paid this date. 14. Mar. 20 - Declared a dividend of $2 per share for all shares own by shareholders on April, 2020. 15. Mar. 30 - End of the quarter supply inventory was $100. 16. Mar. 30 - Received a utility bill for the quarter ending March 31, 2020. 17. Mar. 31 - 20,000 more shares sold at a price of $18 per share. 18. Mar. 30 - Income Tax Rate was 20%. PREPARE THE Income Statement; Statement of Retained Earnings; Statement of Financial Position (Balance Sheet] for the QUARTER ENDING 3/31/20 Notes: Building has a 20 year useful life. All Equipment has a useful life of 5 years. Search 9:44 AM Mon Mar 9 86% 0 Nevada Inc. (3).doc 8. Feb. 28 - A note payment for Note Number [2] paid in the amount of $7,000. 9. Mar. 1 - Purchased $14,000 worth of inventory. Only $5,000 paid at the time of purchase. 10. Mar. 1 - Billed customer $34,000 for work completed. 11. Mar. - Purchased equipment for $100,000. A part payment of $10,000 was made a note was signed for the balance. This note has a 7% interest rate. 12. Mar. 1-Paid in cash $30,000 for Feb wages. 13. Mar. 10 - Marketing expenses of $13,000 paid this date. 14. Mar. 20 - Declared a dividend of $2 per share for all shares own by shareholders on April, 2020. 15. Mar. 30 - End of the quarter supply inventory was $100. 16. Mar. 30 - Received a utility bill for the quarter ending March 31, 2020. 17. Mar. 31 - 20,000 more shares sold at a price of $18 per share. 18. Mar. 30 - Income Tax Rate was 20%. PREPARE THE Income Statement; Statement of Retained Earnings; Statement of Financial Position (Balance Sheet] for the QUARTER ENDING 3/31/20 Notes: Building has a 20 year useful life. All Equipment has a useful life of 5 years. Search 9:44 AM Mon Mar 9 86% 0 Nevada Inc. (3).doc 8. Feb. 28 - A note payment for Note Number [2] paid in the amount of $7,000. 9. Mar. 1 - Purchased $14,000 worth of inventory. Only $5,000 paid at the time of purchase. 10. Mar. 1 - Billed customer $34,000 for work completed. 11. Mar. - Purchased equipment for $100,000. A part payment of $10,000 was made a note was signed for the balance. This note has a 7% interest rate. 12. Mar. 1-Paid in cash $30,000 for Feb wages. 13. Mar. 10 - Marketing expenses of $13,000 paid this date. 14. Mar. 20 - Declared a dividend of $2 per share for all shares own by shareholders on April, 2020. 15. Mar. 30 - End of the quarter supply inventory was $100. 16. Mar. 30 - Received a utility bill for the quarter ending March 31, 2020. 17. Mar. 31 - 20,000 more shares sold at a price of $18 per share. 18. Mar. 30 - Income Tax Rate was 20%. PREPARE THE Income Statement; Statement of Retained Earnings; Statement of Financial Position (Balance Sheet] for the QUARTER ENDING 3/31/20 Notes: Building has a 20 year useful life. All Equipment has a useful life of 5 years