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Presented below are incomplete financial statements for Marta Communications Company. 3 Required: Solve for the missing amounts. 5 Note: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. 3 (All formulas must return positive values.) 0 1 MARTA COMMUNICATIONS Company 2 Income Statement 3 For the Month Ended March 31 4 Sales Revenues $34,500 5 Expenses: 6 Rent Expense 2,600 7 Wages Expense 22,200 8 Utilities Expense 4,800 9 Income Tax Expense 800 0 Net income $4,100 + + MARTA COMMUNICATIONS Company Statement of Owners' Equity For the Month Ended March 31 Marta, Capital, March 1 Add: Net income Subtract: Owner Withdrawals Marta, Capital, March 31 $0 4,100 (500) $3,600 MARTA COMMUNICATIONS Company Balance Sheet At March 31 Liabilities $3,400 Accounts payable $20,800 Assets Cash Accounts receivable Office Supplies Land Total Assets 2,300 Owners' Equity 12,000 Marta, Capital Total Liabilities and Owners' Equity