We will use the income statement and balance sheet from our previous laboratory exercise for you to see the continuity of the accounting process. Aris Castro, CPA Income Statement For the Month Ended March 31, 2017 Professional Fees Income 19,100 Less: Expenses Salary P 3,800 Rent 1,400 Utilities 800 Depreciation 300 Supplies 400 6,700 Net Profit P 12,400 Aris Castro, CPA Balance Sheet March 31, 2017 Current Assets Accote 3.200 Supplies 2,000 Prepaid Rent 900 Total current 8,100 Non-current Assets Office Equipment 51, 100 Less: Accumulated Depreciation 44.600 Total Ascot: 63.700 Liabilities and Capital Liabilities Current liabilities Accounts Payable 4,600 Salary Pavabla Unearned Professional Fags Income 100 Total current IIabilities S.500 Long-term liabilities Long-term Note: Payable 10,000 Total Liabilities 15.300 Capital Capital, March 1 25,800 Add: Net Profit 12,400 Total 38.200 Less: Drawing 1.000 Capital, March 31 37.200 Total Uabilities and Capital 63.700 2. Post-Closing Trial Balance