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, INC. Income Statement For the Month Ended March 31, 20X1 Sales Revenues $34,500 Expenses: Rent Expense 2,600 Wages Expense Utilities Expense 4,800 Income Tax Expense 800 Net income $4,100 MARTA COMMUNICATIONS, INC. Statement of Retained Earnings For the Month Ended March 31, 20X1 Retained Earnings, March 1, 20X1 Add: Net income Subtract: Dividends Retained Earnings, March 31, 20x1 $0 (500) MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable Stockholders' Equity 2,300 Common stock 12,000 Retained earnings Total Liabilities and Stockholders' Equity Assets Cash Accounts receivable Office supplies Land $6,800 14,000 Total Assets