Problem 2 Financial information for January and February for Lady Gaga Fashions are as follows: Accounts Payable Accounts Receivable Capital Stock Cash Equipment Prepaid Expenses Retained Earnings Salaries Payable Supplies January 26,000 42,800 40,000 36,500 110,000 8,500 February 24,600 46,500 40,000 42,600 130,000 4,200 2,200 800 2,600 1,000 Required: Prepare a balance sheet as of January and February 2017 Calculate the net income or loss for the month of February (No dividends were paid)