Presented below are incomplete financial statements for Marta Communications Required: Solve for the missing amounts. 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. MARTA COMMUNICATIONS Income Statement For the Month Ended March 31, 20X1 Sales Revenues $34,500 Expenses: Rent Expense 2,600 Wages Expense Utilities Expense 4,800 Advertising Expense 800 Net income $4,100 MARTA COMMUNICATIONS Statement of Owner's Equity For the Month Ended March 31, 20X1 Marta, Capital, March 1, 20X1 Add: Net income Subtract: Withdrawals by owner Marta, Capital, March 31, 20X1 $0 (500) MARTA COMMUNICATIONS Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable $20,800 Assets Cash Accounts receivable Office supplies Land Total Assets 2,300 Owner's Equity 12,000 Marta, Capital Total Liabilities and Owner's Equity MARTA COMMUNICATIONS Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable $20,800 Assets Cash Accounts receivable Office supplies Land Total Assets 2,300 Owner's Equity 12,000 Marta, Capital Total Liabilities and Owner's Equity