Access Computer Systems (ACS) began its operations on March 01, 2023. At the end of March a trial balance was prepared in a worksheet format to complete closing entries.

ACS	TB prior to closing		closing entries		post closing TB
Trial balance 31st march	DR	CR	DR	CR	DR	CR
cash	64,490
A/R	3,000
Prepaid ins.	550
inventory	40,000
office furnit. 10 yrs. 1,000 salvage	6,000
Acc. dep office furn.		42
equipment 10 yrs 1,000 salvage	10,000
Acc Dep equip		75
A/P		1,750
salaries payable		2,000
unearned revenue		800
LT note payable 10,000, 10 yrs @ 6%		9,939
P.Q Capital		100,000
P.Q withdrawals	2,000
sales		30,000
coso of good sold	10,000
salaries expense	6,000
rent exp. office	900
rent exp. warehouse	1,500
interest expense	49
depreciation exp. office fur.	42
depreciation exp. equip	75
income summary
Total	144,606	144,606

Requirements:

1. Complete the trial balance worksheet as per the information provided.

2. Prepare the following statements for the end of March 2023 in good form:

a. Income Statement

b. Statement of Changes in Equity

c. Balance Sheet