The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $120,000 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock.

a. Prepare an income statement for the current year ended March 31.

b. Prepare a statement of retained earnings for the current year ended March 31.

c. prepare a balance sheet for Thompson's Computer Service.

Accounts payable	$ 2,000	Miscellaneous expense	$ 1,030
Accounts receivable	10,340	Office expense	1,240
Cash	21,420	Supplies	1,670
Fees earned	73,450	Wages expense	23,550
Land	47,000	Dividends	16,570
Building	157,630