The following is an alphabetical list of data from the records of Kenyon Services Corporation at March 31, 2019.

Required:

1.Prepare an income statement and statement of changes in equity for the month ended March 31, 2019. Record the expenses in alphabetical order. Assume no common stock was issued during the month and that there were no retained earnings at March 1.

2.Prepare a balance sheet at March 31. 

$ 500 $9,000 3,900 Accounts payable Equipment rental expense Fees earned Accounts receivable 4,500 Advertising expense 300 Insurance expense 400 Cash 3,100 Interest expense 100 Truck operating expense Wages expense Common stock 2,000 5,000 700 Equipment 1,500