Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, Metrix shows the following selected accounts and amounts for the month of March. Required 1. Prepare a March income statement for the business. 2. Prepare a March statement of owners equity. The owners capital account balance at March 1 was $0, and the owner invested $11,600 cash in the company on March 2. 3. Prepare a March 31 balance sheet. Hint: Use the owners capital account balance calculated in part 2.
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