I need to prepare a financial statement for my motors inc for the period ending in march 31, 20xx borrowed $45,000 from the bank and signed a note payable in the name of the business paid cash of $40,000 to acquire landperformed service for a customer and received cash of $5, 0000 purchased supplies on account, $300 performed customer service and earned revenue on account, $2,600 Paid $1,200 on account. Paid the following cash expenses: salaries, $3,000; rent,$1,500; and interest, $400, received $3,100 on account, received $200 utility bill that will be paid next week, paid cash dividends of $1,800.

Need to prepare an income statement for the period ending on March 31, 20xx