The chart of accounts of Angels Delivery Service of Flin Flon includes the following: Cash, 111; Accounts Receivable, 112; Office Equipment, 121; Delivery Trucks, 122; Accounts Payable, 211; Alice Angel, Capital, 311; Alice Angel, Withdrawals, 312; Delivery Fees Earned, 411; Advertising Expense, 511; Gas Expense, 512; Salaries Expense, 513; and Telephone Expense, 514. The following transactions resulted from Angels Delivery Service during the month of March 2022:

Alice invested $40,000 in the business from her personal savings account.

Bought delivery trucks on account, $25,000.

Advertising bill was received but not yet paid, $800.

Bought office equipment for cash, $2,500.

Received cash for delivery services rendered, $13,000.

Paid salaries expense, $1,850.

Paid gas expense for company trucks, $750.

Billed customers for delivery services rendered, $5,500.

Paid telephone bill, $400.

Received $1,600 as partial payment of Transaction H.

Alice paid her home telephone bill with a company cheque, $88. Hint: you must put this entry into her withdrawal account

As Alices newly employed accountant, you must:

Set up T accounts in a ledger.

Record transactions in the T accounts. (Place the letter of the transaction next to the entry.)

Foot the T accounts where appropriate.

Prepare a trial balance at the end of March 2022.

Prepare from the trial balance, in proper form, (a) an income statement for the month of March, (b) a statement of owners equity for the month ended March 31, and (c) a balance sheet as of March 31, 2022.