Using Excel prepare an income statement, an owner's equity statement, and a balance sheet for Valley Dental from the items listed below for the month of March, 2020.

Owner's Capital, March 1, 2020	$15,000
Accounts payable	12,000
Equipment	20,000
Service Revenue	24,000
Owner's Drawings	1,500
Insurance Expense	320
Cash	15,000
Utilities Expense	180
Supplies	500
Salaries and Wages Expense	8,000
Accounts Receivable	3,000
Rent Expense	2,500