Problem 2-7A Preparing an income statement, statement of owner's equity, and balance sheet. LO P3 Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, the company's records show the following accounts and amounts for the month of March. Equipment Salaries expense Consulting revenue Cash $ 5,000 3,200 13,000 8,400 Utilities expense Note payable Accounts receivable A. Lopez, withdrawals 240 2,600 3,700 Office supplies $1,700 Rental revenue 700 Advertising 440 expense Prepaid insurance 1,200 Accounts payable 1,940 Note receivable 2,700 Rent expense 2,200 Unearned 340 revenue 2,200 Required: 1. Prepare a March Income statement for the business. 2. Prepare a March statement of owner's equity. The owner's capital account balance at February 28 was $0, and the owner invested $12,400 cash in the company on March 1. 3. Prepare a March 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2 Complete this question by entering your answers in the tabs below. Required Required Required 2 Prepare a March 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2 METRIX Balance Sheet