The following are the balances of the assets, liabilities, and equity of Kelly Grace Cosmetics at March 31, 2018:E (Click the icon to view the balances.) Read the requirements. Requirement 1. What type of business organization is Kelly Grace Cosmetics?Kelly Grace Cosmetics is a corporation Requirement 2. Prepare the balance sheet of the business at March 31, 2018. Start with the heading, then complete the asset portion of the statement. Finally, complete the liabilities and stockholders' equity sections of the statement. (If a box is not used in the balance sheetleave the box empty; do not enter a zero.)