Media Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical order) for the month just ended March 31, 2017:

Required 

Using the information provided, prepare an income statement and a statement of changes in equity for the month ended March 31, 2017, and a balance sheet at March 31, 2017.

Transcribed Image Text:

Debit Credit Account $ 46,000 Accounts payable... $ 3,000 Accounts receivable.. Building... Cash ... 80,000 17,000 Revenue... 126,000 Sam Smith, capital* 122,000 Sam Smith, withdrawals 18,000 Land .. 84,000 Machinery Notes payable Office supplies... Office supplies expense 50,000 114,000 3,000 7,000 Wages expense... 146,000 $408,000 $408,000 Totals..