Based on the information provided in the pictures:

1. Develop a statement of retained earnings in good forms as of March 31, 20x3.
2. Develop a balance sheet in good form as of March 31, 20x3.

I have already put together the December 20x2 balance sheet, journal entries, and income statement representing January through March.

Journal Entries Title Debit Credit 1. Cash 6,000 Accumulated 3,000 depreciation Loss on sale of equipment 1,000 Equipment 10,000 2. Accumulated 18,000 depreciation Disposal Fee 1,300 Loss on sale of equipment | 2,000 Cash 1,300 Equipment 20,000 3. Cash 24,000 Notes Payable-Short term 24,000 4. Rent 3,000 Prepaid Expense (Rent) 15,000 Cash 18,000 5. Retained Earnings 25,000 Dividends Payable 25,000 6. Wages Payable 11,500 Taxes Payable 8,000 Cash 19,500 7. Accounts Payable 18,000 Purchase Discount 1,500 Cash 16,500 8. Cash 22,800 Sales 22,800 Cost of goods sold 12, 600 Inventory 12, 600 9. Supplies 4,200 Cash 4,200 10. Note Receivable 10,000 Accounts Receivable 10,000 Interest receivable 600 Interest income 600 11. Accounts Payable 14, 500 Cash 14,500 12. Purchases 45,000 Purchases Discount 900 Accounts Payable 44,10013. Cash 24,000 Sales 24,000 Cost of goods sold 13,000 Inventory 13,000 14. Accounts Receivable 55,000 Sales 55,000 Costs of Goods Sold 26,000 Inventory 26,000 15. Unearned Revenue 4,000 Revenue 4,000 16. Cash 48,000 Sales Discount 1,000 Accounts Receivable 49,000 17. Salary Expense 14,000 Tax Expense 8,000 Cash 22,000 18. Utilities Expense 2,500 Cash 2,500 19. Advertising 3,600 Advertising Expense 3,600 Payable 20. Mortgage Payable 1,633 Interest Payable 1,867 Cash 3,500 21. Cash 40,000 Capital Stock 50,000 Paid in Capital 150,000 22. Petty Cash 500 Cash 500 23. Cash 40,000 Paid in Capital 30,000 Treasury Shares 10,000 24.Accounts Payable 44,100 Cash 44,100 25. Dividends Payable 25,000 Cash 25,000 26. Cash 20,200 Sales 20,200 Costs of goods sold 11,000 Inventory 11,000 27. Inventory 20,000 Purchase discount 400 Accounts Payable 19,600 28. Advertising Expense 3,600Advertising Payable 2,000 Cash 5,600 29. Cash 25,000 Sales 25,000 Cost of goods sold 14,000 Inventory 14,000 30. Mortgage Payable 1,848 Interest payable 1,857 Cash 3,500 31. Cash 59,000 Sales discount 1,100 Accounts Receivable 60,100 32. Salary Expense 21,000 Tax Expense 9,000 Cash 30,000 33. Utility Expense 2,100 Cash 2,100 34. Accounts Receivable 60,000 Sales 60,000 Cost of goods sold 30,000 Inventory 30,000 35. Notes Payable 12,000 Interest Payable 600 Cash 12,600 36. Petty cash 200 Cash 200 37. Supplies 2,700 Cash 2,700 38. Cash 26,000 Sales 26,000 Cost of goods sold 14,400 Inventory 14,400 39. Treasury Shares 12,000 Capital Stock 3,000 Paid-in Capital 9,000 40. Cash 10,300 Notes Receivable 10,00 Interest Receivable 300 41. Inventory 50,000 Purchase discount 1,000 Accounts Payable 49,000 42. Accounts Payable 19,600 Purchase discount 400 Cash 20,00043. Entertainment 160 Expense Travel Expense 170 Postage Expense 90 Supplies Expense 115 Cash Short (Over) 535 44. Cash 20,000 Sales 20,000 Cost of goods sold 11,000 Inventory 11,000 45. Unearned Revenue 9,000 Revenue 9,000 46. Accounts Receivable 67,000 Sales 67,000 Cost of goods sold 36,000 Inventory 36,000 47. Salary expense 16,000 Tax expense 7,000 Cash 23,000 48. Cash 70,000 Sales discount 1,200 Accounts Receivable 71,200 49. Warehouse 267,300 Mortgage Payable 167,300 Cash 100,000 50. Utilities Expense 3,000 Cash 3,000 51. Notes Payable 24,000 Interest Payable 720 Cash 24,720 52. Depreciate expense 9,000 Accumulated 9,000 depreciation 53. Depreciation expense 39,000 Accumulate depreciation 39,000 54. Amortization Expense 500 Accumulated 500 Amortization 55. Bad Debt Expense 1820 Allowance for bad debts 1820 56. Salary expense 8400 Accrued Salaries Payable 8400 57. Tax expense 2800 Tax payable 280058. Supplies expense 10785 Supplies 10785 59. Cash 10,000 Advances 10,000 60. Rent expense 9,000 Prepaid Rent 9,000 61. Services 3,000 Accounts Receivable 3000 62. Insurance Expense 600 Prepaid Insurance 600 63. Interest Receivable 120 Interest Income 120 64. Interest Expense 270 Notes payable 270 65. Interest Expense 1000 Bonds Payable 1000 66. Mortgage Payable 1,848 Interest Payable 1,857 Cash 3500Sales Revenue Cost of Goods Sold Gross Margin: Operation Expenses Admin & Wages Depreciation Utilities Rent & Mortgage Insurance Advertising Bad Debt Loss on sale Disposal cost Total Operating Costs -Interest Expense -Interest Earned Net Income before taxes: Christy Corporation Income statement For month ending March 31, 20x3 244,800 13 1,000 113,800 62,500 48,000 7,600 16,000 600 5, 600 1,820 3,000 1, 300 146,420 1,270 120 -34,010 ASSETS Cash Marketable Securities Accounts Receivable Uncollectible Accounts Inventory Supplies Prepaid Insurance Total Current Assets Land Equipment Accumulated Depreciation Building Accumulated Depreciation Intangible Assets Total Long-Term Assets Total Assets Christy Corporation Balance Sheet December 31, 20x2 $ 57,000 8,000 73,000 -2,000 84,000 9,000 QM $235,000 $1 14,000 227,000 -87,000 560,000 - 1 30,000 70,000 $754,000 $989,000 LIABILITIES Accounts Payable Wages Payable Taxes Payable Short-Term Note Payable Interest Payable Unearned Revenue Total Current Liabilities Long-Term Notes Payable Bonds Payable Mortgage Payable Total Long-Tenn Liabilities STOCKHOLDER EQUITY Capital Stock Paid in Capital Retained Earnings Total Stockholders Equity Total Liabilities & Equity $ 34,000 1 1,500 8,000 12,000 500 13,000 $ 79,000 $ 20,000 100,000 320,000 $440,000 $100,000 250,000 120,000 $470,000 $989,000