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Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Delivery Service, which provides delivery of bulk mailings to the post office, neighborhood delivery of weekly newspapers, data delivery to computer service centers, and various other delivery services using leased vans. On February 28, Dart invested $45,000 of her own funds in the firm and borrowed $18,000 from her father on a six-month, non-interest-bearing note payable, The following information is available at March 31: Accounts Receivable [$29,100 \" Delivery Fees Earned ' $57,900 Rent Expense \\ 6,000 H Cash 1 39,900 Advertising Expense ' 3,600 \" Supplies Inventory ' 19,500 Supplies Expense ' 8,100 \" Notes Payable ' 18,000 Accounts Payable ' 7,800 \" Insurance Expense ' 2,400 i i 19,500 M Common Stock 45,000 600 \" Retained Earnings 7 Salaries Expense Miscellaneous Expense Required a. Prepare an income statement for the month of March. Do not use negative sig with your answers. DART DELIVERY SERVICE Income Statement For the Month Ended March 31, 2016 a. Prepare an income statement for the month of March. Do not use negative sig with your answers, DART DELIVERY SERVICE Income Statement For the Month Ended March 31, 2016 3 $ 0 Expenses 0 Advertising Expense 0 Supplies Expense 0 Salaries Expense 0 Insurance Expense 0 Miscellaneous Expense 0 Total Expenses 0 6 $ 0 b. Prepare a balance sheet as of March 31, 2016. DART DELIVERY SERVICE Balance Sheet As of March 31,2016 ASSETS LIABILITIES 3 $ 0 $ 0 c 0 Notes payable 0 Supplies 0 Total Liabilities $ 0 b. Prepare a balance sheet as of March 31,2016. DART DELIVERY SERVICE Balance Sheet As of March 31, 2016 ASSETS LIABILITIES c $ 0 3 $ 0 c 0 Notes payable 0 Supplies 0 Total Liabilities $ 0 STOCKHOLDERS' EQUITY : 0 c 0 Total Stockholders' Equity $ 0 Total Assets $ 0 Total Liabilities and Stockholders Please answer all parts of the question. 0 Previous Save Answers 0 'A '1' 'n/