Financial information related to the proprietorship of Burst Interiors for March and April 2008 is as follows:

a. Prepare balance sheets for Burst Interiors as of March 31 and as of April 30, 2008.
b. Determine the amount of net income for April, assuming that the owner made no additional investments or withdrawals during the month.
c. Determine the amount of net income for April, assuming that the owner made no additional investments but withdrew $15,000 during themonth.

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March 31, 2008 April 30, 2008 Accounts payable Accounts receivable $18,480 40,800 19,920 46,950 Gary Deming, capital Cash 72,000 3,600 122,400 3,000 Supplies