Exercise $2-20$ Preparing financial statements from a trial balance LO$6$

Medas Marketing Services has been operating for several years. It showed the following trial balance information $($in alphabetical order$)$ for the month just ended March $31,2023$:

$\backslash$table$[[$Accoust$,$Debit,Credit$],[$Accounts payable,,$ $43,000],[$accounts receivable,$ $3,200,],[$Bullding$,82,000,],[$Cash$,18,600,],[$Revenver$,,139,600],[$Sme smith, capital$*,,124,000],[$Sam soith, withdravals,$19,000,],[$Ind$,8,000,],[$Hachinery$,52,000,],[$notes pryable,,$116,000],[$office rupplies,$3,260,],[$office supelies expense,$7,200,],[$lages expense,$148,009,],[$Totals$,3418,600,5415,600]]$

The $$124\mathrm{.}000$ balance includes $$37\mathrm{.}000$ invested by the owner during March

Required:

Using the information provided, prepare an ihcome statement and a statement of changes in equity for the month ended March $312023,$ and a balance sheet at March $31,2023.$

$\backslash$table$[[$MEDA MARKEIING SERVICES$],[$Income Statement$],[$For Month Ended March $31,2023],[$Revenues$,,],[,,],[,,],[$Opuraling expenser,,$],[,,],[,,],[,,],[$Total operving eopersis,,$]]$

Me

ctrw

Hil

Prex

$5$ of $3$

Neat$11$