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. CERE 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 Total Requirement 2. Prepare the month-end financial statements: income statement, statement of retained earnings, and balance sheet. The Retained earnings balance of $5,700 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 Prepare the statement of retained eamings. Avid Computer Repair, Inc. Statement of Retained Earnings For the Month Ended March 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 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? Va profitable month as apparent from the Data table Account Balance Common stock $ 37,500 650 Insurance expense Accounts payable Service revenue 4,300 39,600 Land 20,000 800 15,100 Supplies expense Cash Salaries expense Building 9,500 84,000 Rent expense 5,500 Dividends 13,000 1,600 Utilities expense Retained earnings 5,700 Accounts receivable 4,700 68,000 Notes payable Supplies 250 ***** x Requirements 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. 2. Prepare the month-end financial statements: income statement, statement of retained earnings, and balance sheet. The Retained earnings balance of $5,700 is the beginning balance for the month; it has not been updated for the current month's income or loss. 3. Was March a profitable month for Avid Computer Repair, Inc.? Why or why not