solving highlighted boxes

4 Required: 5 Solve for the missing amounts. 6 Note: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the 7 earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. 8 9 (Al formulas must return positive values.) 10 11 MARTA COMMUNICATIONS Company 12 Income Statement 13 For the Month Ended March 31 14 Sales Revenues $34,500 15 Expenses: 16 Rent Expense 2,600 17 Wages Expense 18 Utilities Expense 4,800 19 Income Tax Expense 800 20 Net income $4,100 + 21 22 MARTA COMMUNICATIONS Company 23 Statement of Owners' Equity 24 For the Month Ended March 31 25 Marta, Capital, March 1 26 Add: Net income 27 Subtract: Owner Withdrawals 28 Marta, Capital, March 31 $0 (500) 30 31 32 33 Assets 34 Cash 35 Accounts receivable 36 Office Supplies 37 Land 38 Total Assets MARTA COMMUNICATIONS Company Balance Sheet At March 31 Liabilities $3,400 Accounts payable $20,800 2,300 Owners' Equity 12,000 Marta, Capital Total Liabilities and Owners' Equity