Would you please also show work? Balance sheets, net income

Financial information related to Ebony Interiors for February and March 2014 is as follows:

	February 28, 2014	March 31, 2014
Accounts payable	$310,000	$400,000
Accounts receivable	800,000	960,000
Capital stock	200,000	200,000
Cash	320,000	380,000
Retained earnings	?	?
Supplies	30,000	35,000

a. Prepare balance sheets for Ebony Interiors as of February 28 and March 31, 2014.

b. Determine the amount of net income for March, assuming that no additional capital stock was issued and no dividends were paid during the month.

c. Determine the amount of net income for March, assuming that no additional capital stock was issued but dividends of $50,000 were paid during the month.