Data for the unadjusted trial balance of Mexican Riviera Tanning Salon at March 31, 2012, follow.

Adjusting data for March 2012 are:
a. Accrued service revenue, $2,600.
b. Supplies used in operations, $400.
c. Accrued salary expense, $1,700.
d. Depreciation expense, $4,100.
Les Neeland, the principal stockholder, has received an offer to sell the company. He needs to know the net income for the month covered by these data.
Requirements
1. Prepare the worksheet for Mexican Riviera Tanning Salon.
2. How much was the net income/net loss forMarch?

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Cash Equipment Accumulated depreciation Accounts payable Supplies Common stock $ 13,000 Service revenue 66,500 Salary expense 18,500 Depreciation expense 3,200 Supplies expense 1,400 Retained carnings $ 89,900 42,200 1,500 10,000