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The following events occurred in March: - March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid $250 to the county for a business license. - March 2: Owner signed lease on office space; paying first (March 20xX) and last month's rent of $950 per month. - March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business. - March 6: Owner performed service for client in the amount of $650. Customer paid in cash. - March 8: Owner purchased atvertising services on account in the amount of $500. - March 10: Owrer provided services to client on account, in the amount of $1,725. - March 15: Owrer paid business insurance in the amount of $750. - March 20: The owner received first utility bill in the amount of $135, due in April.| - March 20: Office copier required maintenance; owner paid $95.00 for copier servicing. - March 22: Owrer withdrew $500 cash for personal use. - March 25: Owner paid $215 for office supplies. - March 25: Owner provided service to client in the amount of $350. Client paid at time of service. - March 30: Owner paid balance due for advertising expense purchase on March 8. - March 30: Received payment from customer for March 10 irvoice in the amount of $1,725. - March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5. - March 31: Provided service for client on account in the amount of $3,500. - March 31: Record depreciation of the office fumiture at $45.83. A Company Income Statement For Month ending 3/31/20XX Revenues Total Revenues $ Operating Expenses: \begin{tabular}{l|r|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total Operating Expenses: & - \\ \hline & - \\ \hline Net Income & \\ \hline & \end{tabular} The following events occurred in March: - March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid $250 to the county for a business license. - March 2: Owner signed lease on office space; paying first (March 20xX) and last month's rent of $950 per month. - March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business. - March 6: Owner performed service for client in the amount of $650. Customer paid in cash. - March 8: Owner purchased atvertising services on account in the amount of $500. - March 10: Owrer provided services to client on account, in the amount of $1,725. - March 15: Owrer paid business insurance in the amount of $750. - March 20: The owner received first utility bill in the amount of $135, due in April.| - March 20: Office copier required maintenance; owner paid $95.00 for copier servicing. - March 22: Owrer withdrew $500 cash for personal use. - March 25: Owner paid $215 for office supplies. - March 25: Owner provided service to client in the amount of $350. Client paid at time of service. - March 30: Owner paid balance due for advertising expense purchase on March 8. - March 30: Received payment from customer for March 10 irvoice in the amount of $1,725. - March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5. - March 31: Provided service for client on account in the amount of $3,500. - March 31: Record depreciation of the office fumiture at $45.83. A Company Income Statement For Month ending 3/31/20XX Revenues Total Revenues $ Operating Expenses: \begin{tabular}{l|r|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total Operating Expenses: & - \\ \hline & - \\ \hline Net Income & \\ \hline & \end{tabular}