Question: 18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for DR Painting for the month of March 2024.

18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for DR Painting for the month of March 2024. The business began operations on March 1, 2024 (Click the icon to view the account balances.) Begin by preparing the income statement for DR Painting for the month of March 2024. (If a box is not used in the table leave the box empty, do not select a label or enter a zero) DR Painting Income Statement Month Ended March 31, 2024 Revenues: Service Revenue Salaries Expense Utilities Expense 800 200 7000 Next Net Income 60000 Now prepare the statement of retained earnings for DR Painting for the month of March 2024. (Com DR Painting Statement of Retained Earnings Month Ended March 31, 2024 Retained Earnings, March 1, 2024 Net income for the month Dividends anni Cash Accounts Receivable Balance Sheet March 31, 2024 Assets Accounts Payable Liabilities Office Supplies Truck Total Assets Common Stock Retained Earnings Stockholders' Equity Total Stockholders Equity Total Liabilities and Stockholders' Equity Data table Accounts Receivable $ 1,400 Salaries Expense $ 800 Accounts Payable 1,000 Service Revenue 7,000 Cash 22,300 Office Supplies 1,800. Stock issued during March 40,000 Truck 20,000 Dividends paid during March 1,500 Utilities Expense 200 -X

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