The accounts of Avid Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts are listed in no particular order. Click the icon to view the account balances.) Read the requirements. Requirement 1. Prepare the company's trial balance at March 31, 2018, listing accounts in the proper order. List the largest expense first, the second largest expense next, and so on. Avid Computer Repair, Inc. Trial Balance March 31, 2018 Account Debit Credit The accounts of Avid Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts are listed in no particular order. Click the icon to view the account balances.) Read the requirements Tolal Requirement 2. Prepare the month-end financial statements: income statement, statement of retained earnings, and balance sheet. The Retained earnings balance of $11,100 is the beginning balance for the month; it has not been updated for the current month's income or loss. Start by preparing the income statement Avid Computer Repair, Inc. The accounts of Avid Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts are listed in no particular order. Click the icon to view the account balances.) Read the requirements Requirement 2. Prepare the month-end financial statements: income statement, statement of retained earnings, and balance sheet. The Retained earnings balance of $11,100 is the beginning balance for the month; it has not been updated for the current month's income or loss. Start by preparing the income statement Avid Computer Repair, Inc. Income Statement For the Month Ended March 31, 2018 Revenue: Expenses Total Expenses Net Income The accounts of Avid Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts are listed in no particular order. Click the loon to view the account balances.) Read the requirements. | Net Income Prepare the statement of retained earnings. Avid Computer Repair, Inc. Statement Retained Earnings For the Month Ended March 31, 2018 Add: Subtotal Less Prepare the balance sheet. Start with the asset portion of the statement, and then complete the liabilities and stockholders' equity sections of the statement. (If a box is not used in the staterent, leave the box empty; do not select a label or enter a zero.) Avid Computer Repair, Inc. Balance Sheet March 31, 2018 Assets Liabilities The accounts of Avid Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts are listed in no particular order. Click the icon to view the account balances.) Read the requirements Prepare the balance sheet. Start with the asset portion of the statement, and then complete the liabilities and stockholders' equity sections of the statement. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Avid Computer Repair, Inc. Balance Sheet March 31, 2018 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity Requirement 3. Was March a profitable month for Avid Computer Repair, Inc.? Why or why not? a profitable month as apparent from the Data table Account Balance Common stock $ 62,050 Insurance expense 450 Accounts payable 1,000 Service revenue 56,200 Land 54,000 Supplies expense 1,100 Cash 9,200 Salaries expense 11,500 Building 125,000 Rent expense 8,700 Dividends 11,000 Utilities expense 1,200 11,100 7,500 Retained earnings Accounts receivable Notes payable Supplies 100,000 700 Print Done